Asia stocks rise as China factories see steady growth, sterling soft

Asian stocks climbed on Wednesday, capping a fifth consecutive month of gains, as data showed China's factory activity grew at a steady clip this month, bucking expectations of a slowdown.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent on Wednesday, with Chinese stocks leading the region higher as investors returned from a long holiday break.

Japan's Nikkei dipped 0.1 percent.

"The market remains positive and the favorable PMI data reinforces the trend, though investors should be careful of chasing markets higher as liquidity conditions can change quickly," said Alex Wong, a fund manager at Ample Capital Ltd in Hong Kong, with about $130 million under management.

Get the daily HNI Commodity Pack and more click here @ https://www.facebook.com/ripplesadvisorypvtltd @