Asian stocks rose, with the regional benchmark index touching the highest intraday level since May 2011, as investors weighed earnings reports and energy shares led gains.

Nikkei 225 13,926.08 +82.62 +0.60%

S&P/ASX 200 Closed

Shanghai Composite 2,199.31 -19.01 -0.86%

China Petroleum & Chemical Corp., the nation's largest refiner, increased 2.2 percent after Morgan Stanley said China's cut in fuel prices will benefit the company.

Nippon Electric Glass. Co. led gains among Japanese glass makers after industry bellwether Corning Inc. forecast growth.

Nintendo Co., the world's biggest maker of game machines, slumped 5.9 percent in Osaka after missing sales targets for its consoles.