Hong Kong — Stronger than expected factory growth in China helped Asian stocks to erase early losses on Tuesday, but investors remained cautious as the acrimonious US presidential election campaign entered its final week. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3%, after earlier hitting its lowest level since September 19. October marked the first monthly loss for the index since May. Activity in China’s manufacturing sector expanded at a faster pace than expected in October, an official survey showed on Tuesday, adding to views the world’s second-largest economy is stabilising thanks to a construction boom. "While the headline numbers were eye catching, especially the rebound in the small and medium-sized enterprises, markets remain unconvinced about the sustainability of the rebound especially given the credit system fuelling this growth looks worrisome," said Cliff Tan, East Asia head of global markets research at Bank of Tokyo-Mitsubishi UFJ. Hong Kong ...
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