The Nikkei in Japan rallied 1.4% to 9, 086 and the Hang Seng in China moved up 3.3% to 20, 260.

FORBES: Wall Street Poised To Open Stronger As Global Markets Rally

In China, Hong Kong's Hang Seng Index fell 1.3% to 19265.07, while the China Shanghai Composite dropped 1.4% to 2260.88.

WSJ: Weak China Data Hit Asian Shares

Stocks in China were lower, though the reaction was more extreme in Hong Kong, where the Hang Seng Index lost 2% to 22083.36.

WSJ: Asian Shares Fall Amid Cyprus Bailout Concerns

In China, where Hong Kong's Hang Seng Index climbed 0.7% and the mainland's Shanghai Composite Index dropped 0.2%, investors were digesting a string of earnings reports from large Chinese companies.

WSJ: Cyprus Bailout Relief Lifts Asian Shares

In China, where Hong Kong's Hang Seng Index climbed 0.6% to 22251.15 and the mainland's Shanghai Composite Index ended down 0.1% at 2326.71, investors were digesting a string of earnings reports from large Chinese companies.

WSJ: Cyprus Bailout Relief Lifts Asian Shares

McDonald's, with its free Wi-Fi and clean bathrooms, is adding more electrical outlets to most of its China stores in hopes that people will actually come and hang around longer.

WSJ: In China, IKEA Is a Swede Place for Senior Romance, Relaxation

Hong Kong's Hang Seng Index lost 2.4% amid worries over a new strain of bird flu spreading in China, which weighed on Hong Kong-listed airline stocks.

WSJ: Nikkei Soars on BOJ Easing Moves