Asia-Pacific stocks rise after U.S. Treasury yields pull back from 16-year highs

Hong Kong's private sector contracted for the third consecutive month in September, according to PMI data from S & P Global.

The S & P Global Hong Kong SAR Purchasing Manager's Index fell to 49.6 in September from 49.8 in August, partly hit by Typhoon Saola early last month. The reading also showed price pressures eased in September, while employment rose. — Shreyashi Sanyal

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