Asian markets rallied in Thursday's trading, with Hong Kong posting gains for the seventh consecutive trading day. The move was led by overnight gains on Wall Street and renewed demand for financial stocks.
In Hong Kong, the Hang Seng gained 213 points, or 0.73%, to 29,558, but in China the Shanghai Composite Index ended marginally lower, down 0.15%, at 5,035.
In Japan, the Nikkei closed up 265 points, or 1.7%, to 15,874, as Mitsubishi UFJ (MTU - Get Report) and Mizuho Financial (MFG) notched up some of the biggest gains of large-caps in the region. Mitsubishi UFJ surged 6.6%, to 1,228 yen, while Mizuho Financial soared 5.5%, to 648,000 yen, following renewed optimism over the U.S. credit scenario on Wednesday.