Good solid gains acroos the Asian sharemarkets are being seen as we speak.

The Nikkei opened up 1.2% and is trading higher, up 1.8%. Auto Stocks are leading the way with Toyota at year to date highs up 4.5%, Honda +5.5% and Nissan up a staggering 7%. This all comes after a solid 3% gain on the Nikkei yesterday as well.

In Australia, the ASX200 is up 2.4% with all sectors performing. Miners BHP and RIO are up 3.2% and 4.9%. Financial stocks such as AMP and QBE are both up over 4%.

The Kospi is also up 2.1%.