Economics
Asian Stocks Climb to 7-Month High on China Manufacturing
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Asian stocks rose, with the regional benchmark index advancing to a seven-month high, as concern eased about a slowdown in the world’s second-largest economy.
China Resources Power Holdings Co. increased 4.9 percent to lead gains on Hong Kong’s benchmark index. KCC Corp. jumped 11 percent in Seoul after Samsung Everland Inc., in which it owns a stake, announced plans for an initial public offering. Daio Paper Corp. slumped 7.1 percent in Tokyo as the maker of packaging materials said it will raise as much as 22.4 billion yen ($219 million) in a share sale.