Asian markets climbed on Monday after United States lawmakers reached a last-minute deal to reduce the budget deficit and potentially avoid a debt default.
Investors are optimistic that the US will be able to raise its debt limit and pay its obligations.
Japan's main Nikkei 225 index rose 1.7% at the opening of trade, with Hong Kong and South Korean markets also higher.
The Australian market jumped 2%, while the New Zealand market made slight gains.
The US dollar and crude oil were also up, although gold fell.
The agreement announced by US president Barack Obama will be presented to both houses of Congress on Monday.