Asian stocks swung between gains and losses after surveys showed China’s manufacturing may accelerate this month and pessimism among Japanese producers increased. Shares in China surged by the most since January.

Nikkei 225 9,737.56 -5.17 -0.05%

S&P/ASX 200 4,583.11 +0.32 +0.01%

Shanghai Composite 2,149.77 +88.30 +4.28%

Agricultural Bank of China Ltd., the nation’s No. 3 lender, climbed 1.9 percent in Hong Kong.

Gome Electrical Appliances Holding Ltd. jumped 7.2 percent after the Chinese retailer was rated new buy at Citigroup Inc.