Asian stocks surged, driving Japan's Nikkei 225 Stock Average to its biggest gain in 18 years, after the U.S. and European governments agreed to buy stakes in banks.
U.S. futures rose and the dollar advanced against the yen, while Treasuries fell. The Nikkei jumped 12.3 percent, rebounding from its worst week on record. Japanese markets were shut for a holiday yesterday. Sony Corp., Sumitomo Mitsui Financial Group Inc. and Toyota Motor Corp. all soared more than 14 percent. National Australia Bank Ltd. added 9.6 percent in Sydney and Woori Finance Holdings Co. rose 11 percent in Seoul as people briefed on the matter said the U.S. will buy stakes in nine banks.