Most stocks in Asia advanced Thursday, building on a rally in global equities in the final two days of what was still their worst month in more than six years.
The MSCI Asia Pacific Index climbed 0.2 percent after its worst month since May 2012. Australia’s S&P/ASX 200 Index advanced 0.4 percent.
Hong Kong and Chinese stocks outperformed while Japanese stock indexes dipped with the bulk of the weakness coming from telecommunication carriers on concerns over pricing pressures.
Firm U.S. economic data and a strongly worded statement from a China Politburo meeting chaired by President Xi Jinping signaling increased urgency for more measures to combat the slowing economy helped buoy sentiment toward risk assets.