Japan's Nikkei 225 average gained 77.95 points, or 0.72%, to 10,880.10 as banks rose for a second day on improved sentiment following signs of progress in expanding the Resolution and Collection Corp.'s role in cleaning up Japan's bad debt problem. Markets in Hong Kong were closed in observance of the Chung Yeung Festival.
Canada's benchmark TSE 300 index closed up 46.8 points to 6943.7. This bullish reversal and close at the session high points to continued gains. There is a potential for a reversal to the last two weeks' highs (and highest levels since the September 11 tragedy). Eleven of the subindices closed up, led by the financials and industrials. The Small Real Estate subindex lead the other 3 subindices lower.