SINGAPORE: Asian stocks hovered near one-month highs on Tuesday as investors awaited Chinese data, while the euro took a hit after a newspaper report rekindled fears about the weakness of European banks.
The MSCI Asian stock index outside Japan .MIAPJ0000PUS marked time after gaining 5 percent so far this month, while Japan's Nikkei average .N225 rebounded after briefly losing 0.8 percent due to profit-taking.
Risk-taking has been supported by stronger-than-expected U.S. factory and jobs data earlier this week, which eased market fears about a double-dip recession in the world's biggest economy.
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