Asian stocks rose for a third day, with the benchmark index extending a two-week high, after China vowed to carry out the broadest expansion of economic freedoms since at least the 1990s.

Nikkei 225 15,164.3 -1.62 -0.01%

S&P/ASX 200 5,384.66 -17.01 -0.31%

Shanghai Composite 2,197.22 +61.39 +2.87%

China Mengniu Dairy Co., a maker of milk products, jumped 5.1 percent after policy makers pledged to relax the nation’s one-child policy.

Citic Securities Co. surged 13 percent in Hong Kong, leading gains among Chinese brokerages as the government flagged policy changes that portend the end of a ban on mainland initial public offerings.

Dwango Co. soared 17 percent in Tokyo after jumping by the daily limit on Nov. 15, when the provider of content through mobile phones said Nintendo Co. bought a stake in the company.