Asian stocks advance amid U.S. manufacturing and China services

Source: Bloomberg
© Scanpix/Reuters
Asian stocks loomed, forcing a regional equities index reach a 17-month high level, as an expansion of China's services industries and U.S. manufacturing triggered optimism concerning the recovery of global economy. The MSCI Asia Pacific Excluding Japan Index climbed 0.4% to 478.15, while Hong Kong's Hang Seng Index added 0.4% and the Hang Seng China Enterprises Index rose 0.8%.

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