Stocks in Asia mostly posted positive results on Wednesday, pointing to a positive conclusion to what's been a brutal October for shares.
The Greater China markets, which have been hard hit, saw gains by the morning session's end: The Shanghai composite rose 1.13 percent and the Shenzhen composite advanced by 1.202 percent. Hong Kong's Hang Seng index also increased by 0.6 percent.
Lower-than-expected manufacturing growth in China
The moves higher in mainland China came despite the country reporting lower-than-expected manufacturing growth in October.
Chinese official manufacturing Purchasing Managers' Index (PMI) was 50.2 — lower than the 50.6 that analysts expected in a poll. The official manufacturing PMI had been 50.8 in September.
A reading above 50 indicates expansion, while a reading below that signals contraction.
Japan stocks see gains too
Japan's Nikkei 225 rose 1.67 percent in the afternoon while the Topix gained 1.64 percent.
Shares of Sony jumped 4.04 percent after the company lifted its annual profit forecast by 30 percent after a strong second-quarter.
Australia's benchmark ASX 200 was largely flat in the afternoon as the energy sector advanced 0.87 percent and materials fell 0.2 percent.
Source: CNBC
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