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The MSCI Asia Pacific Index rose 1.7 per cent to 112.97, aiming for its biggest gain since the end of October, reports Bloomberg.
Hyundai Motor Company was up 3.6 per cent in Seoul and clothier Esprit Holdings rose 4.6 per cent in Hong Kong.
David Gaud, a Hong Kong-based senior portfolio manager at Edmond de Rothschild Asset Management, told the news provider Asian equities were doing well with sales.
"When I look at the valuation of the market, a lot has been priced in already. Europe has the financial means to respond to this crisis," he added.
Hopes for a resolution to the eurozone's problems were renewed yesterday as Reuters reported the MSCI world equity index underwent a 1.5 per cent increase.
Posted by Greg Secker
