Asian stocks rose after asian currencies rose on good corporate earnings news, signaling global economic recovery. Matt Riordan, at Paradice Investment Management in Sydney, said: "The market’s focus has been shifting between concern over sovereign debt and clear signs of an emerging global recovery. Today, the recovery story is winning out. The data globally has been pretty positive and the reporting season has been full of positive surprises.”
The Nikkei 225 index closed up 272 points at 10,307 in Tokyo. The Hang Seng closed up 265 points at 20,534 in Hong Kong.