Asian stocks rebounded on Friday following the previous day's savage sell-off as strong U.S. data lifted confidence about the ability of the world's largest economy to withstand any pullback in monetary stimulus. However, sentiment remained tense ahead of next week's Federal Reserve policy meeting.
The Nikkei closed up almost 2 percent after rising as much as 3 percent, one day after a steep 6.4 percent plunge. Australia's S&P ASX 200 also finished 2 percent higher, and Seoul's Kospi rebounded from a seven-week low hit the previous day. Meanwhile, the Shanghai Composite added 0.3 percent to rise from Thursday's fresh 2013 low.
For the week, the Shanghai Composite was Asia's worst performing index with a loss of 2.4 percent, but the index was only open for two trading days this week. The Nikkei ended the week down 1.5 percent.
Upbeat retail sales and unemployment claims data in the U.S. triggered a rally on Wall Street overnight and soothed nervous Asian markets.
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