Stocks in the region hit fresh 11-month peaks yesterday as positive factory data coming out of China and higher commodity prices combined to boost optimism over an acceleration in economic activity.
The FTSE Asia-Pacific index gained 1.3 per cent to 215.62 for a 14th advance in the past 15 sessions, its highest level since September 25 last year and near to recovering all losses since the collapse of Lehman Brothers.
Chinese manufacturing as measured by the purchasing managers' index compiled by CLSA rose to a one-year high in July, supporting gains in the official index released over the weekend.
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