Economics
Asian Stocks Trade Near Four-Month High After China Data
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Asian stocks traded near a four-month high after a Chinese manufacturing index jumped more than forecast. Trading volume in Hong Kong was below average after a storm shut the market for half the day.
Delta Electronics Inc. a maker of power-supply packs for notebook computers, surged 6.3 percent, leading technology shares higher. Woori Finance Holdings Co. gained 1.6 percent in Seoul amid speculation sales of its regional bank units will succeed. Newcrest Mining Ltd., Australia’s largest gold producer, slumped 8.2 percent after analysts from Citigroup Inc. and Morgan Stanley predicted the bullion will extend losses as the U.S. economy improves.