Stocks shrug off weak China PMIs, dollar slips


HONG KONG: Asia stocks reversed earlier losses while the dollar was pinned near two-week lows on Tuesday, with investors staying mostly cautious on fresh signs of slowdown in China's economy.

MSCI's gauge of Asia Pacific stocks outside Japan was up 1%, while Japan's Nikkei 225 bounced back strongly to stand 1.1% higher, despite weak July industrial output data.

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