Asian stocks advanced for a second day, with News Corp. and Nissan Motor Co. lifting the regional benchmark index on earnings that cheered investors, as U.S. President Barack Obama defeated Republican Mitt Romney to win a second term.

Nikkei 225 8,972.89 -2.26 -0.03%

Hang Seng 22,087.07 +142.64 +0.65%

S&P/ASX 200 4,516.46 +31.66 +0.71%

Shanghai Composite 2,105.73 -0.27 -0.01%

News Corp., the media company run by billionaire Rupert Murdoch, gained 3.2 percent in Sydney after reporting profit that topped estimates.

Nissan surged 4.1 percent after analysts said its earnings forecast was conservative and Chinese customers are returning to the carmaker’s dealerships.

Zijin Mining Group Co. climbed 3.6 percent in Hong Kong, pacing gains among gold producers as the precious metal rose on speculation the U.S. will continue monetary easing after Obama’s victory.