Asia Stocks Advance Amid Strong U.S., China Economic Data
- MSCI Asia Pacific Index poised for 8th straight month of gains
- Fosun International jumps as half-yearly profit rises 34%
What China's August Factory PMI Numbers Mean
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Asian stocks advanced for a second day after data showed the economic resilience of U.S. and China, outweighing the Trump administration’s mixed signals on North Korea’s latest missile provocation.
About five stocks gained for every three that declined on the MSCI Asia Pacific Index, which added 0.1 percent to 160.51 as of 3:40 p.m. in Hong Kong. U.S. data showed second-quarter growth in the world’s biggest economy reached the fastest pace in two years on stronger household spending and a bigger gain in business investment, while China’s official factory gauge further strengthened in August, defying economist forecasts for a decline.