Major stock markets in Asia closed with gains on Thursday amid positive signs from the US on raising the debt ceiling and optimism on bilateral ties between Washington and Beijing.
The positive trends came amid a meeting between high-level diplomats from the US and China in Switzerland on Thursday to discuss risk management in the countries' bilateral relations and the resolution of international problems.
It was also reported that US President Joe Biden will hold an online meeting with Chinese President Xi Jinping before the end of 2021.
After these developments, though inflationary concerns and the debt crisis in the Chinese real estate sector remained on the agenda, positive trends were observed in Asian stock markets.
Positive news flows on efforts to raise the debt ceiling in the US also supported the rise in Asian stock markets.
The Asia Dow, which includes blue-chip companies in the region, earned 45.4 points, or 1.21%, to close at nearly 3,794 points.
Tokyo's Nikkei 225 stock exchange also increased by 149.34 points, or 0.54%, to 27,678.
The Hang Seng, the benchmark for blue-chip stocks trading on the Hong Kong exchange, saw an increase of 735.24 points, or 3.07%, to 24,701.
The Singapore index rose by 17.27 points or 0.56% to reach 3,101, while the Indian Sensex benchmark rose by 488.1 points, or 0.82%, to reach 59,677 points.
On the other hand, there were no transactions in Chinese markets due to week-long holidays.