On Wednesday, the Asian stock markets were strengthened as market sentiment was led by hopes for a breakthrough on a deal of second Greek bailout, while an upbeat gain outlook from Toyota were lift the Nikkei to a three-month high.

Over late Asian trade, Hong Kong's Hang Seng Index broadly higher 1.45%, Australia’s ASX/200 Index jumped 0.4%, while Japan’s Nikkei 225 Index up to 1.1%.

Greek leaders were going to agreeing on terms that will free up bailout money and decrease on default fears.

European Union officials said that on February 15, the final agreement on Greece’s EUR130 billion bailout much be approved to avoid a default when a EUR14.5 billion bond repayment on March 20.

In Japan, Toyota stocks climbed 5% after it hit its forecasts for full-year net Earning by 11% to JPY200 billion. It also released the plans to held out 19 new models in the U.S. and is targeting record global trades.

The upbeat outlook urged other automakers, with Nissan and Honda shares increasing 2.4% and 2.7% respectively, while shares in Mazda jumped 7.3%.

Renesas Electronics stocks climbed 10.1% after the Nikkei newspaper reported about the chipmaker, Fujitsu and Panasonic were in talks to mix their system-chip operations.

Fujitsu stocks jumped on the news, while Panasonic rose 3.3%.

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