Asian Markets: Japanese banking shares on the rise

Asian markets rose Tuesday, following Wall Street's rebound. Japan's Nikkei rose 0.2 percent to close at 9,692, and Hong Kong's Hang Seng posted a 1.9 percent gain to close at 20,812. The markets in China were shut for the Golden Week holiday.

In Japan, the banking sector fared well after the financial services minister said that lenders would not have to classify loans that borrowers are postponing repayments on as bad debt. He also said he would seek to encourage financial institutions to provide more loans to small businesses.