Asian stocks fell on Friday as treasury yields spiked in reaction to the latest comments from Federal Reserve Chair Jerome Powell indicating that he expects some inflationary pressures in the time ahead.
China's Shanghai Composite Index fluctuated before finishing marginally lower at 3,501.99, as the country set a conservative economic growth target of above 6 percent for 2021, well below what economists had forecast, and outlined fiscal support for the economic recovery.
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