(MENAFN– ecpulse)
Asian stocks advance slowed after China’s manufacturing data which approves manufacturing weakness in the world’s second largest economy, while Australia’s inflation rose less than estimated in first quarter.
Moreover, The MSCI Asia Pacific Index gained 0.2% to 138.91 in Tokyo, Asian Resona Holdings Inc. climbed 3.1% after Greenlight Capital Inc., a hedge fund run by David Einhorn, said it bought shares in the Japanese lender. LG Household & Health Care Ltd. rose 2%. Seibu Holdings Inc. jumped 4.8% as Japan’s biggest hotel chain started trading on the Tokyo bourse.
Moreover, Australia’s S&P/ASX 200 Index climbed 0.5 percent. Japan’s Topix index rose 0.6% and South Korea’s Kospi index advanced 0.1%. China’s Shanghai Composite Index and Hong Kong’s Hang Seng Index both fell 0.3%. Singapore Straits Times Index lost 0.4%. New Zealand’s NZX 50 Index gained 0.7% and Taiwan’s Taiex index added 0.3%.
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