The gains kept coming early Tuesday for Asia-Pacific stocks — at least those not Down Under.

Solid increases were being logged in a number of markets during morning trading after similar advances Monday. Japan, Hong Kong and Korea again took the lead, but China’s Shanghai Composite SHCOMP, -0.07%^[1]   — Monday’s biggest gainer — was only modestly higher. Stocks Down Under lagged though, with benchmarks in Australia XJO, -0.35%^[2]   and New Zealand NZ50GR, -0.43%^[3]   the only two in the region lower.

Banks, along with factory-automation and nonferrous-metal stocks, led Japan’s Nikkei NIK, +1.03%^[4]   1% higher. Higher Treasury yields and the prospects of strong near-term U.S. GDP growth helped sectors sensitive to economic cycles. Mitsubishi UFJ Financial 8306, +2.77%^[5]   jumped 2.8% while robot maker Yaskawa Electric 6506, +5.45%^[6]   was up 5% and Sumitomo Metal Mining 5713, +4.10%^[7]   gained 4.3%. Yahoo Japan 4689, +11.94%^[8]   was also a standout, jumping nearly 12% on word of a ¥220 billion ($2 billion) stock buyback as Altaba agreed to sell part of its stake^[9] to fellow big shareholder SoftBank 9984, +2.05%^[10]  .

South Korea’s Kospi SEU, +0.37%^[11]   and Hong Kong’s Hang Seng HSI, +0.20%^[12] ...