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Asia Ends With Gains; Nikkei Rises 2.3%

 

By Tomoko A. Hosaka

TOKYO -- Asian stocks followed Wall Street sharply higher Tuesday, invigorated by fresh hopes for improved bank earnings and signs the regional economy is recovering.

The upbeat mood permeated the entire region, with financial stocks leading the gains. Oil climbed back above $60 a barrel after dropping sharply over the past week on concerns about weak global growth.

Japan's benchmark Nikkei 225 stock average rose 2.3% to close at 9,261.81, erasing most of the previous day's decline. Hong Kong's Hang Seng advanced 3.7%. ...

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