(Bloomberg) — Asian stocks advanced Tuesday, with the latest data from China underscoring the recovery in the world’s second-biggest economy. Japanese equities climbed as the market reopened after a volatile yen session.
Gauges in Hong Kong rose as China’s factories index posted its second straight month in expansion. Futures contracts for US shares were little changed after Wall Street was bolstered by a strong start to the earnings season led by big-tech companies, despite bets the Federal Reserve will keep interest rates higher for longer.
Japanese stocks gained following a holiday, as the yen surged back from its weakest level against the dollar in 34 years, amid suspicion the government intervened to support the currency. Shares were also boosted by rebounding factory output in a sign of improvement in the manufacturing sector.
“While investors remain cautious about the extent of currency intervention, there seems to be…
