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Asia markets climb as China factory activity assessed; Japan business optimism falls slightly

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China released its official PMI figures over the weekend, while Japan is set to release its Tankan survey, which gauges business sentiment in the country.

Asia-Pacific markets climbed Monday as investors assessed China's business activity for February and await economic data out of Japan.

Economists polled by Reuters expected a reading of 49.9, which still represented a contraction in the sector.Separately, Japan's first-quarter Tankan survey showed that business optimism among large manufacturers fell, with the gauge at +11 compared with +12 in the last survey. This compares with the 49.1 seen in February and the 49.9 expected by the Reuters poll, which represents a contractionary figure.The country's manufacturing purchasing manager's index came in at 50.8, according to official data.

Instead, Hannah Gooch-Peters, global equity investment analyst at Sanlam Investments, believes there are other stocks with a 60% operating profit margin, like Nvidia's, that are more sustainable as investment opportunities.

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