Asian stocks follow Wall Street higher on bank news

Benchmarks in Tokyo, Sydney and Southeast Asia advanced while Hong Kong declined. Chinese markets were closed for a holiday.

The Nikkei 225 in Tokyo rose 1% to 22,474.65 while Seoul's Kospi gained 1.1% to 2,134.65. Hong Kong's Hang Seng lost 0.8% to 24,579.56. Investors in the United States have been encouraged by official moves to lift anti-virus measures and allow businesses to reopen. But some states have reimposed curbs after a resurgence in new infections.

The Dow Jones Industrial Average rose 1.2% to 25,745.60. The Nasdaq, which hit an all-time high earlier this week, gained 1.1%, to 10,017. On a more encouraging note, orders to American factories for big-ticket goods rebounded last month from a steep pullback in April and March as the economy began to reopen.

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