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.