Asian stocks traded higher across the board early Thursday, holding on to gains despite a private survey showing China’s manufacturing activity at a one-year low.
Chinese markets pulled back modestly following the data release; the Shanghai Composite index fell deeper into negative terrain, slipping as much as 0.3 percent, while Hong Kong’s Hang Seng index trimmed gains to 0.6 percent from 0.8 percent.
Japan’s Nikkei 225 continued its advance above the 20,000 mark, hitting a new 15-year high of 20,193 points, after closing above that level for the first time in 15 years on Wednesday.
South Korea’s benchmark Kospi index jumped to a fresh three-and-a-half-year high, thanks to a slew of better-than-expected corporate results.
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