Chinese inflation jumped in January after a straight run of five monthly declines due to seasonal factors.
Prusik IM founder Heather Manners has bought into Vietnam for the first time in her funds' history in the view stocks are trading on Asian crisis-level valuations and could double from here.
Leading fund managers are favouring US equities over markets including China and Europe as the appeal of owning dollar assets helps spark a shift into the world's largest economy.
China has pledged to step in to help resolve the eurozone debt crisis through getting more deeply involved in the EFSF.
The UK and Europe will both slip into recession in 2012, according to the National Institute for Economic and Social Research (NIESR).
Stocks received a lift in afternoon trading as social networking giant Facebook prepares to make what could be one of the largest market debuts in history.