Asian stocks rise as China's manufacturing expands

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Source: Bloomberg
© Scanpix/AFP
Asian stocks rose, with the regional benchmark index poising for the highest close in 7 months, as China's manufacturing expanded last month, indicating a faster growth in the world's second largest economy. The MSCI Asia Pacific Index gained 0.2% to 124.88, set for the highest close since May 2. The Nikkei 225 Stock Average climbed 0.7% and South Korea's Kospi Index rose 0.4%, while Australia's S&P/ASX 200 Index added 0.5%.  
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