Asian stocks markets opened up on Thursday on news that a deal had been reached in Washington to avoid a US default.
Japanese shares rose after the US Senate voted to raise the debt limit ahead of a Thursday deadline and reopen the federal government.
As of 10:20 am (0120 GMT), the benchmark Nikkei 225 Stock Average gained 175.95 points, or 1.22 per cent, to trade at 14,643.09 while the broader-based Topix index was up 13.3 points, or 1.11 per cent, at 1,210.08.
On currency markets, the dollar traded at 98.75—78 yen, up from Wednesday’s 5 p.m quote of 98.37—39 yen.
The trend was followed in other Asian markets.
Taiwanese shares and Hong Kong’s Hang Sen index both rose by around half a per cent, up 0.54 per cent and 0.44 per cent respectively.
The Philippine Stock Exchange PSEi index rose by 1.14 per cent, while Australia’s S&P/ASX 200 index nudged upwards by 0.33 per cent.