Asian stocks rose, with the regional benchmark gauge recovering from its biggest weekly drop in seven months, after Cyprus agreed to an international bailout and profit at China Petroleum & Chemical Corp. topped forecasts.

Nikkei 225 12,546.46 +207.93 +1.69%

Hang Seng 22,251.15 +135.85 +0.61%

S&P/ASX 200 4,990.2 +22.94 +0.46%

Shanghai Composite  2,326.71 -1.56 -0.07%

Sony Corp. gained 3.1 percent as the yen weakened, boosting the outlook at Japan’s No. 1 consumer-electronics exporter.

Sinopec, as Asia’s biggest refiner is known, rose 2.6 percent after net income beat analyst estimates.