Asian stocks rose, with the regional benchmark rebounding from a three-month low, as investors await the outcome of a Federal Reserve meeting after reports showed manufacturing growth accelerated in the U.S. and Europe.

Nikkei 225 15,278.63 +125.72 +0.83%

S&P/ASX 200 5,103.19 +13.56 +0.27%

Shanghai Composite 2,151.08 -9.78 -0.45%

Honda Motor Co., a Japanese carmaker that gets 46 percent of sales in North America, climbed 0.7 percent.

Dai-ichi Life Insurance Co. rose 3.8 percent in Tokyo after Barclays Plc advised buying the shares.

Daewoo Engineering & Construction Co. led declines on the regional equity gauge after a South Korean regulator began inspecting the company’s accounting practices.