Asia markets closed higher on Wednesday, following gains across U.S. and Europe on Tuesday as jitters eased after the U.K.'s vote to leave the European Union spurred a $3-trillion U.S. post-Brexit global rout.
In Japan, the Nikkei 225 hiked 243.69 points, or 1.6%, to 15,566.83
In Hong Kong, the Hang Seng Index spiked 263.66 points, or 1.3%, to 20,436.12
The Japanese yen traded slightly weaker at 102.25 against the U.S. dollar as compared with levels near 102.00 on Tuesday afternoon local time. Major export stocks closed higher, with Toyota shares up 2.9%, Nissan up 2.3% and Honda higher by 1.7%.
A stronger yen is a negative for exporters as it reduces their overseas profits when converted into local currency.
Toyota on Tuesday said it was recalling 482,000 vehicles, which include model year 2010 to 2012 Prius vehicles, due to safety issues.
Electronics maker Sony said it expected its image sensor business will miss its revenue target for the 2017 fiscal year due to weakening global demand for smartphones. Sony forecast a revenue range of 1-1.05 trillion yen ($9.76-$10.25 billion U.S.) for the year starting April 2017.
Investors appeared to have shrugged off the news as Sony shares closed up 4.8%.
Gold also advanced, with spot gold up 0.7% at $1,321.40 U.S., but off its highs near $1,337.00 U.S. reached following the Brexit vote, when investors flocked to safety.
Australian banks staged a comeback, as the country's major banks advanced, with Westpac shares up 1%
In other markets
The Shanghai CSI 300 added 14.99 points, or 0.5%, to 3,151.39
In Korea, the Kospi added 20.14 points, or 1%, to 1,956.36
In Singapore, the Straits Times Index strode forward 36.2 points, or 1.3%, to 2,792.72
In Taiwan, the Taiex index gained 81.05 points, or 1%, to 8,586.56
In New Zealand, the NZX 50 climbed 87.63 points, or 1.3%, to 6,804.21
The ASX 200 recovered 39.12 points, or 0.8%, to 5,142.40
