Asian stocks gained led by banks and technology companies after China Merchants Bank rose as it expected higher profits and Trend Micro (anti-virus software developer) advanced.

Japanese benchmark index Nikkei gained 122.15 points, or 0.92%, to end at 13,360.04.

Hong Kong`s index Hang Seng gained 489.24 points, or 2.28%, to settle at 21,913.06.

China`s Shanghai Composite rose 122.50 points or 4.59% to close at 2,792.397.

Taiwan`s Taiex index went up 112.70 points, or 1.56%, to settle at 7,341.11.

Singapore`s Straits Times increased 41.58 points, or 1.44%, to end at 2,934.12.

South Korea`s KOSPI climbed 0.11 points, or 1.78%, to close at 1,579.72.