Financial Times FT.com

China’s factories help extend Asia advances

By Jonathan Soble in Tokyo and Stephen Smith

Published: August 3 2009 05:57 | Last updated: August 3 2009 17:26

Stocks in the region hit fresh 11-month peaks on Monday as positive factory data coming out of China and higher commodity prices combined to boost optimism over an acceleration in economic activity.

The FTSE Asia-Pacific index gained 1.3 per cent to 215.62 for a 14th advance in the past 15 sessions, its highest level since September 25 last year and near to recovering all losses since the collapse of Lehman Brothers.

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