Asian stocks rise even as China’s manufacturing slows

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SINGAPORE (AP) — Asian stocks have started the week higher, even as China reported a slowdown in manufacturing activity and countries in the region continue to be hammered by the delta variant. Tokyo’s Nikkei 225 jumped 1.7% to 27,742.28, while the Kospi in Seoul rose 0.1% to 3,205.43. The Hang Seng in Hong Kong advanced 0.9% to 26,189.44 after being in the red for much of the morning. The Shanghai Composite index added 0.7% to 3,422.64, while Australia’s S&P/ASX 200 was up 1.5% at 7,501.20. The benchmark in Malaysia rose while those in Singapore and Indonesia fell. The gains in China follow data released Saturday by the National Bureau of Statistics showing the country’s official purchasing managers’ index fell. 

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