Show Entire Article
Asian stocks rose on Tuesday, tracking U.S. shares which gained on optimistic remarks from influential investor Warren Buffett , while Chinese manufacturing growth slowed to a six-month low.
Chinese manufacturing growth slowed in February, according to an official survey, as the government's sustained campaign to tame inflation weighed on industrial activity.
The overall PMI, which is designed to provide a snapshot of conditions in the manufacturing sector, fell to 52.2 in February from 52.9 in January, the China Federation of Logistics and Purchasing said.
Japan's clawed back towards 10-month highs as foreign investors piled into Japanese stocks on a lower inflation risk, with more hard-won gains seen ahead in the midterm.
Despite uncertainty about higher oil prices and developments in the Middle East, foreign investors may chase the Nikkei higher, although gains will likely be limited due to year-end window-dressing by domestic institutional investors, market players said.
The benchmark Nikkei rose 1.2 percent to end at 10,754.03. The broader Topix advanced 1.3 percent to 963.70.
Australian stocks finished lower for a second straight days the banks ended weaker and miners gave up some of their gains with Middle East unrest deterring investors.
The benchmark S&P/ASX 200 ended 0.1 percent lower.
Page 1 of 3 | Next PageShow Entire Article
CN;SHI News & Analysis
DATA IS REAL-TIME EXCEPT NOTED WITH *
* DATA DELAYED AT LEAST 15 MINUTES