Investors are finally welcoming signs of stability in economic outlook, with Asian shares touching higher levels throughout the region.

A prominent rise in stocks in Tokyo was seen due to a healthy showing in export-related companies that were encouraged by a falling yen and a mixed jobs report from the U. S. Furthermore, a rise by 133.83 points, or 1.3% was seen in the Nikkei 225 index to 10,320.94.

While the consumer electronics giant Sony Corp climbed 2.7% to close at 2,490 yen ($26.73), Canon rose 2.3% to finish at 3,550 ($38.11). Meanwhile, a rise by 0.8% to 3,880 yen ($41.65) was seen in Toyota Motor Corp, the world's largest carmaker and one of the main beneficiaries of the cash-for-clunkers program in the U. S.

Following a report on Friday, which specified that the government would raise the amount that foreign funds can invest in equities, a hike was seen in Chinese shares. While Hong Kong's Hang Seng index closed 1.5% higher at 20,629.31, the Shanghai Composite rose 0.7% to finish at 2, 881.12.

Recently, a whopping $1 billion share-swapping deal was confirmed by Spanish telecom giant Telefonica with China Unicom. It should be noted that a 0.9% stake of Telefonica will be held by China Unicom, China's second-largest wireless company under the deal, while Telefonica's stake in China Unicom will increase to 8%.

Via this agreement, the two will gain access to more subscribers, apart from scrapping costs by sharing infrastructure and equipment.