Asian Stocks Advance After U.S. Gauges Rally to Record HighsAsian stocks rose, with the regional benchmark gauge recouping yesterday��s losses, after U.S. equity indexes climbed to records and as investors weighed earnings.

The MSCI Asia Pacific Index gained 0.4 percent to 138.35 as of 9:01 a.m. in Tokyo after falling 0.1 percent yesterday. Markets in Hong Kong and China are yet to open. U.S. stocks rallied after Internet and small-cap shares rallied amid deals activity that boosted confidence. Federal Reserve Chair Janet Yellen is due to speak May 15 after tempering speculation last week that an improving economy will drive interest rates higher.

Japan��s Topix index jumped 1.4 percent and South Korea��s Kospi index rose 0.4 percent. Australia��s S&P/ASX 200 Index advanced 0.3 percent, while New Zealand��s NZX 50 Index added 0.5 percent. Markets in Bangladesh, Malaysia, Singapore and Thailand are closed for a holiday.

Source : Bloomberg