Asian stocks gains on US factory data weak rate hike outlook

Source: Bloomberg
© Scanpix/AP
Asian stocks climbed after the US equities rebound, while poor economic data weakened speculation the Fed will raise interest rates as soon as estimated. Tokyo Gas Co. rose 2.3%, along with Hitachi Ltd and Mitsubishi Heavy Industries Ltd that added 1.8%. Moreover, the MSCI Asian Pacific Index climbed 0.7% to 144.87 at 4:08 p.m. in Hong Kong.
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