Asian stocks rose on Friday amid economic optimism as U.S. President Joe Biden pledged to double his administration's vaccination rollout plan and the Federal Reserve reiterated that its expansive monetary policy would not come to an end until a nearly full recovery from the pandemic.
Chinese markets rebounded after closing at three-month lows the previous day amid regulatory concerns. The benchmark Shanghai Composite jumped 54.74 points, or 1.6 percent, to 3,418.33, while Hong Kong's Hang Seng Index ended up 436.82 points, or 1.6 percent, at 28,336.43.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.