Asian stock markets rallied for a second straight day, riding a wave of positive investor sentiment from the U.S. and Europe.

Tokyo’s Nikkei 225 clocked a major gain, advancing 3.2 percent to end at 16,911. Hong Kong’s Hang Seng rose 0.9 percent to finish at 21,338. Shanghai’s SSE grew 0.5 percent to end at 3,082.

Fast Retailing advanced 3.9 percent to end at 29,800 yen while Shiseido gained 2.3 percent to end at 2,518 yen. Isetan Mitsukoshi rose 5.4 percent to end at 1,239 yen.

Chow Tai Fook vaulted 5.1 percent to finish at 5.35 Hong Kong dollars. Esprit gained 1.6 percent to end at 7 Hong Kong dollars.