Markets in Asia rose sharply.

The Nikkei was up 6.4% to 7,622. Honda (HMC) was up on a falling yen. Mitsubishi UFJ Financial due to concerns it will raise over $10 billion diluting current shareholders.

The Hang Seng rallied 11.5% to 12,280. HSBC (HBC) rose sharply.

The Shanghai Composite was up 2.8% to 1,772.

Data from Reuters.

Douglas A. McIntyre