Asia Stocks Advance Amid Strong U.S., China Economic Data

About five stocks gained for every three that declined on the MSCI Asia Pacific Index, which added 0.1 percent to 160.51 as of 3:40 p.m. in Hong Kong. U.S. data showed second-quarter growth in the world’s biggest economy reached the fastest pace in two years on stronger household spending and a bigger gain in business investment, while China’s official factory gauge further strengthened in August, defying economist forecasts for a decline.

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