Chinese Stocks Rebound After Terrible Month on Upbeat Data

(Bloomberg) — China stocks began the month with a bang as traders piled in, spurred by data showing that manufacturing activity recorded its highest monthly improvement in more than a decade in February.

The Hang Seng China Enterprises Index advanced as much as 3%, rebounding after a 11% loss in the previous month. The Hang Seng Index rallied more than 2%, while key gauges on the mainland also advanced.