Asian stocks rose, with the regional benchmark index heading for a fifth day of gains, after U.S. manufacturing expanded faster than forecast.

Nikkei 225 14,098.74 +246.24 +1.78%

Hang Seng 20,775.35 -27.94 -0.13%

S&P/ASX 200 4,834 +123.71 +2.63%

Shanghai Composite 2,006.24 +11.00 +0.55%

Li & Fung Ltd., a supplier of toys and clothes to retailers including Wal-Mart Stores Inc., climbed 4.3 percent in Hong Kong.

Newcrest Mining Ltd., Australia's largest gold producer jumped 6.8 percent as the bullion advanced for a third day.

SK Hynix Inc., the world's second-largest maker of computer memory chips, sank 8.7 percent in Seoul after CLSA Asia Pacific Markets lowered the stock's rating.