Asian Stocks Advance to Seven-Month High on China Manufacturing

Asian stocks gained, with the regional benchmark index heading for its highest close in seven months, after China’s official manufacturing index expanded last month, underscoring optimism the world’s second-largest economy is recovering after a seven-quarter slowdown.

Komatsu Ltd., a Japanese maker of construction equipment that gets about 14 per cent of sales from China, rose 1 per cent. Hyundai Motor Co., South Korea’s biggest carmaker, climbed 1.8 per cent after saying US vehicle sales increased last month.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1096340/asian-stocks-advance-seven-month-high-china