Thu, 01 Aug 2013 09:58:06 GMT
Asian stocks rise on China's manufacturing
Stocks in Asia rose after data showed that China's manufacturing beat market expectations and the Fed claimed to maintain its QE at current level. The MSCI Asia Pacific Index jumped 1.3% to 133.94, however, the gauge is still heading towards 1.1% loss this week. Manufacturing index expanded from 50.1 to 50.3 this month, while experts predicted a drop to 49.8.