Asian stocks open in green

Asian stocks climbed, after statements from Bank of America and General Electric eased concern the financial crisis will deepen.

Mizuho Financial Group gained more than 4%. Sony jumped 5.5% after the electronics maker said it will form a partnership with Seiko Epson on liquid-crystal displays.

Japanese benchmark index Nikkei advanced 90.15 points, or 1.22%, to trade at 7,285.97.

Hong Kong`s Hang Seng index rose 25.19 points, or 0.21%, to trade at 11,905.47.

China`s Shanghai Composite gained 22.48 points, or 1.05%, to trade at 2,116.54.

Taiwan`s Taiex index went up 18.31 points, or 0.38%, to trade at 4,778.27.

South Korea`s Kospi index increased 9.50 points, or 0.84%, to trade at 1,118.01.

Singapore`s Straits Times climbed 6.75 points, or 0.45%, to trade at 1,498.76. (7.39 a.m., IST).