Created: 9/29/2009 6:20:39 AM 
TOKYO (AP) -- Asian stocks are on the rebound in Tuesday trading. Investors are getting a new shot of confidence from a couple of big corporate takeovers in the U.S. and the yen's retreat from a nine-month high against the dollar.
Monday, Abbott Laboratories and Xerox Corp. announced large acquisitions, helping Wall Street break a three-day slide. The $6 billion-plus deals are raising hopes of a rebirth in takeover activity and a recovery of the financial system.
Hong Kong's Hang Seng index led regional gains with a 2.3 percent jump. Japan's Nikkei rose 0.6 percent, while South Korea's benchmark index added 0.8 percent.
Markets in Australia, Taiwan, India and Singapore were also higher.
©2009 Associated Press. All rights reserved. This material may not be published, rewritten, or redistributed.
