Stock exchanges in Asia recorded a positive day as orders from the world’s largest economy increased for durable goods and sales in eth domestic markets improved this holiday season.

In Japan, the Tokyo's Nikkei stock average rose 1 percent, above its 25-day moving average of 8,459. The shares of Fanuc Corp, Mitsubishi Corp., Japan’s biggest commodities trader by revenue recorded growth amid positive indications of a economic recovery in the US economy.

India's main 30-share BSE index rose 1.14 percent as investors sought good bargains in the holiday season and increased activity. Asian markets including Hong Kong and Singapore as well as markets in U. S and Europe were close on Monday due to the holiday season.

The US economy has shown resilience as the European sovereign debt crisis if threatening a global recession. In another indication of stabilization in the markets, the CBOE Volatility index VIX fell to 20.73 on Friday, which is its lowest in five months.

The MSCI Asia Pacific Index gained 0.2 percent to 113.90 at the time of reporting this morning. The index has fallen 17 per cent amid concerns that the eurozone crisis would affect the economic growth in the global economy.

On the other hand, Shanghai Composite Index fell 0.5 percent and Korea Composite Stock Price Index slid 0.6 percent.