Asian Stocks Advance as Investors Unfazed by China PMI

Asian stocks rose, with the regional benchmark index paring last week’s losses, as Japanese markets surged on reopening after a holiday and as investors were unfazed by a drop in Chinese manufacturing activity.

Yanzhou Coal Mining Co. jumped 6.6 percent in Hong Kong after the shares were upgraded by Credit Suisse Group AG. Macquarie Group Ltd. rose 2.9 percent after Australia’s biggest investment bank said it expects full-year earnings will jump. Yamato Holdings Co., a parcel delivery company, gained 3.5 percent in Tokyo on a report it will tie up with China Post Group.