Asian markets rise overnight as Nikkei rebounds

Asian stocks rose overnight, driven higher by the Nikkei which reversed sharp losses on Friday after climbing over 2%.

The Japanese benchmark index increased by 2.2%, clawing back much of its 2.7% loss last Friday as nervous investors return to the market ahead of some crucial corporate results this week. Meanwhile in Hong Kong the Hang Seng rose by 0.5%, or 131 points, to reach 22,829. Elsewhere, there was particularly positive news for Australia after the government announced it planned to raise the debt limit by two thirds to £300bn to avoid a future fiscal crisis. It is forecast to reach its current debt limit in December. The news saw the S&P/ASX 200 index rise by 1% to the highest level since...