Asian markets lifted by China manufacturing data

Asian markets mostly climbed on Thursday after data showed manufacturing activity in the world’s number two economy picked up strongly in March, while Tokyo was lifted by renewed weakness in the yen.

Traders are also keeping an eye on developments in Europe, where officials in Cyprus will present later in the day a revised fund-raising plan to help it access crucial bailout cash.

Wall Street provided a positive lead after the US Federal Reserve kept its huge stimulus measures in place and said the economy has shown signs of picking up.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1196131/asian-markets-lifted-china-manufacturing-data