Asian stocks up despite signs of deepening slump (AP)

offset alarming new signs the region's economies were slowing faster than expected amid plummeting demand for their goods.

India auto diesel tanks manufacturer

India also gained. Despite the modest rises, trade was cautious as investors digested a round of bleak reports about some of the region's biggest economies. China 's economic slump deepened in the fourth quarter, with growth sliding to 6.8 percent from 9 percent the previous quarter and 10.6 percent in the first quarter. For the full year, China's economy expanded by 9 percent — its slowest yearly growth since 2001.

Full Story: Asian stocks up despite signs of deepening slump (AP)