Asian stocks rose, with the regional benchmark index headed for the biggest gain in almost eight months, after European Central Bank President Mario Draghi said policy makers will do whatever is needed to preserve the euro.

Nikkei 225 8,566.64 +123.54 +1.46%

S&P/ASX 200 4,209.77 +62.04 +1.50%

Shanghai Composite 2,128.77 +2.76 +0.13%

HSBC Holdings Plc, Europe’s biggest lender, rose 2.6 percent in Hong Kong.

LG Display Co., which makes digital products, gained 7.3 percent in Seoul on expectations earnings will improve.

China Zhongwang Holdings Ltd., which makes aluminum used in rail carriages and airplanes, jumped 6.3 percent in Hong Kong after saying profit will increase.

Hitachi Chemical Co., a Japanese manufacturer of chemical products, surged 8.9 percent after raising its profit forecast.