Asian stocks climbed, with the regional benchmark index set for its longest streak of gains since January, as manufacturing in China and the U.S. expanded, boosting the outlook for exporters and machinery makers.
Concern about the health of the U.S. economy was near the top of the laundry list of worries for investors. If the data keeps reinforcing the idea that a new recession is unlikely, markets could rally strongly this quarter. The latest manufacturing data confirms that China’s economy was never headed for a hard landing. http://www.bloomberg.com/news/2011-09-01/asian-stocks-set-for-best-streak-since-january-on-u-s-manufacturing-data.html
