Economics
Asian Stocks Rebound as Chinese Economic Data Spur Stimulus Bets
- China industrial shares jump amid weakest GDP growth since '09
- Asia's benchmark equities gauge rises from a three-year low
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Asian stocks climbed from a three-year low, sparked by a rally in Chinese shares as the nation’s weakest economic growth since 2009 raised speculation the government will boost stimulus measures.
The MSCI Asia Pacific Index added 0.8 percent to 119.85 at 4:38 p.m. in Hong Kong, reversing an earlier loss of 0.5 percent. The Shanghai Composite Index jumped the most in two months as industrial companies surged. China’s industrial production, retail sales and fixed-asset investment all slowed at the end of the year, while gross domestic product expanded 6.8 percent in the fourth quarter.