Asian stocks rise despite falling Chinese PMI

|By:, SA News Editor

Asian shares shrug off more soft Chinese PMI data and head higher, with China rising 1% on hopes that the poor reading will lead to fresh government stimulus.

"The whole of Asia seems to have factored in lowered expectations for China’s growth," says asset manager Yoshihiro Okumura. "Several months ago, weaker numbers would have caused more volatility."

Japan's Nikkei continues its yo-yoing ways, jumping 1.8% following a sharp fall on Thursday, the final trading session of last week.

Hong Kong +1.8%, India +1.2%.