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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