Bulls continued their dominance of the new year as stocks in the region hit 16-month highs on growing economic confidence and rising risk appetite.
The FTSE Asia-Pacific index rose 1.1 per cent to 235.29, a level not reached since August 29 2008, just before the Lehman Brothers shock.
Manufacturing stocks reacted strongly to the upbeat overnight US data and commodity shares surged. Financials and shipping lines also benefited from the positive sentiment.
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