Singapore: Emerging-market stocks rose, with the benchmark index set to gain the most in two weeks, as industrial companies gained after Japan's nuclear crisis eased.
The MSCI Emerging Markets Index added 0.9 per cent to 1,108.27 at 4:53pm in Singapore, the most since March 4. South Korea's Kospi index gained 1.1 per cent after billionaire investor Warren Buffett said the country was a "hunting ground" for acquisitions. Taiwan's Taiex Index climbed 0.9 per cent.
Doosan Heavy Industries & Construction Co, which builds nuclear plants, advanced 5.7 per cent after Japanese workers reconnected power to parts of the Fukushima Daiichi plant.
PetroChina Co climbed 3.3 per cent in Hong Kong as oil rallied after officials said two days of allied airstrikes in Libya had grounded Muammar Gaddafi's air force.
Jiangxi Copper Co slid 0.8 per cent to a five-week low in Shanghai after the Chinese central bank stepped up measures to tame inflation.
"It is quite a good opportunity to get into some of the markets right now," Joanne Goh, regional equity strategist for DBS Bank Ltd, told a forum in Singapore.
Tokyo Electric Power Co succeeded in bringing two reactors at its Fukushima Dai-Ichi plant under control and connected a second electric cable to the station to help drive cooling systems.
China's Dongfang Electric Corporation, which makes nuclear power-related equipment, climbed 7.1 per cent in Hong Kong.
Shanghai Electric Group Co, which makes nuclear-power generator equipment, jumped 7.8 per cent.