In other Asian markets, a key index at the Shanghai Stock Exchange closed 0.02 percent higher.

The Nikkei, a key index of the Tokyo Stock Exchange, rose 342.85 points, or 3.35 percent, to close at 10,581.05 points.

The Hang Seng, a primary index of the Hong Kong Stock Exchange, too ended on the winning side, gaining 336.92 points or 1.67 percent at 20,535.94 points.

In Britain, the FTSE 100 index was ruling 0.66 percent higher at 4,883.03 points. Its French peer, the CAC 40, was up 0.73 percent at 3,642.37 points.

Germany's DAX was also ruling positive at 5,498.59 points, having risen 0.66 percent.