Economics
Asian Stocks Rise on U.S. Manufacturing, China Services
This article is for subscribers only.
Asian stocks rose, pushing a regional equities index to its highest level in 17 months, after an expansion of U.S. manufacturing and China’s services industries fueled optimism in the global economic recovery.
Rio Tinto Group, the world’s second-largest mining company, climbed 2.4 percent in Sydney as metals prices rose. China Communications Services Corp., a Beijing-based telecommunications support firm, gained 1.7 percent in Hong Kong. Australian miner Aquarius Platinum Ltd. soared 13 percent, the most since May, amid speculation that South African supply of the metal will be lower during the first quarter.