Asian stocks rose, with the regional benchmark index heading for the longest winning streak in more than a month, as information technology shares led gains and investors weighed manufacturing data from China.
China’s stocks rose for the first time in five days as Poly Real Estate Group Co. led a rally for property developers after reporting higher profit. Consumer- staples producers and phone companies also climbed.
Hong Kong stocks rose, with the city’s benchmark index on course to gain for a third day, after China factory data beat estimates. Wing Hang Bank Ltd. fell as it resumed trading after receiving a takeover bid from Oversea- China Banking Corp.
The pound advanced for a fourth quarter versus the dollar, the longest winning streak in more than six years, before reports this week that analysts forecast will add to evidence the recovery is strengthening.