Chinese stocks surge over three percent

China's benchmark Shanghai Composite Index surged more than three percent during the afternoon trading session on Friday.

Earlier, the Shenzhen Component Index opened 1.4 percent higher at 10,397.97 points, reported Xinhua news agency.

The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, opened 1.57 percent higher at 1,990.34 points.