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Asian stocks rose, paring this week’s loss, as a gauge of China’s manufacturing beat estimates and after the Federal Reserve maintained its bond-buying program at current levels.
Nikkei 225 14,005.77 +337.45 +2.47%
Hang Seng 22,054.87 +171.21 +0.78%
S&P/ASX 200 5,061.49 +9.51 +0.19%
Shanghai Composite 2,029.07 +35.27 +1.77%
Panasonic Corp., Japan’s largest consumer electronics maker, climbed 6.8 percent after posting profit that beat estimates.
STX Offshore & Shipbuilding Co. jumped 15 percent in Seoul after agreeing to restructure it debt.
Commonwealth Bank of Australia, the nation’s biggest lender, fell 1.5 percent, pacing losses among Australian banks on a report the government will impose a new tax on lenders.
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