Asian stocks rose for a second day after U.S. industrial production increased more than forecast in March and Federal Reserve Chair Janet Yellen said the central bank remains committed to supporting the economic recovery.

Nikkei 225 14,417.53 -0.15 0.00%

S&P/ASX 200 5,454.2 +33.88 +0.63%

Shanghai Composite 2,098.92 -6.20 -0.29%

GungHo Online Entertainment Inc. surged 9.4 percent after the Nikkei newspaper reported the Internet games maker’s operating profit rose.

Canon Inc. gained 1.7 percent on a report the camera maker’s earnings in the March quarter jumped about 50 percent.

Citic Pacific Ltd. lost 2.7 percent in Hong Kong after the steelmaker and property developer agreed to pay 226.9 billion yuan ($36 billion) to buy Chinese banking and brokerage assets from its state-owned parent.