Aerial view of vehicles being driven on the road through the central business district on October 5, 2020 in Beijing, China.<\/p>\n
Zhang Qiao | Visual China Group | Getty Images<\/p>\n
Asia-Pacific markets opened December mostly in the red Monday as traders awaited fresh manufacturing data from China and rising expectations of a U.S. Federal Reserve rate cut this month.<\/p>\n
Traders are pricing in an 87.4% rate cut for the upcoming Fed meeting on Dec. 10, according to the CME FedWatch Tool.<\/a><\/p>\n Investors in Asia will be looking to China’s November manufacturing purchasing managers’ index from RatingDog, a private survey of mainly export-focused firms.<\/p>\n The gauge follows official data released Sunday<\/a> showing China’s factory activity improving slightly in November, but remained in contraction for the eighth consecutive month. Services weakened as the lift from earlier holidays faded.<\/p>\n Japan’s benchmark Nikkei 225<\/a> index fell 1.3%, and the Topix index retreated 0.72%. <\/p>\n South Korea’s Kospi index was down 0.66%, while the small-cap Kosdaq advanced 1.29%.<\/p>\n Australia’s ASX\/S&P 200 declined 0.23%.<\/p>\n Futures for Hong Kong’s Hang Seng Index<\/a> pointed to a higher open, trading at 26,022, against the index’s previous close of 25,858.89.<\/p>\n U.S. equity futures were little changed in early Asian hours after a winning week. <\/p>\n On Friday stateside, Wall Street came back from the Thanksgiving holiday for a shortened trading session. The Nasdaq Composite<\/a> advanced 0.65% to end the day at 23,365.69, scoring its fifth straight day of gains. <\/p>\n Meanwhile, the\u00a0S&P 500<\/a>\u00a0gained 0.54% to settle at 6,849.09. The\u00a0Dow Jones Industrial Average<\/a>\u00a0grew 289.30 points, or 0.61%, to finish at 47,716.42. <\/p>\n \u2014 CNBC’s Sean Conlon and Sarah Min contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"Aerial view of vehicles being driven on the road through the central business district on October 5, 2020…\n","protected":false},"author":2,"featured_media":317567,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[4989,1386,45,161,49,48,22926,13622,46,12918,9316,100,3098,12921,15448,2163],"class_list":["post-317566","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-asia-economy","tag-breaking-news-markets","tag-business","tag-business-news","tag-ca","tag-canada","tag-central-banking","tag-currency-markets","tag-economy","tag-hang-seng-index","tag-interest-rates","tag-markets","tag-nasdaq-composite","tag-nikkei-225-index","tag-world-economy","tag-world-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/317566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=317566"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/317566\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/317567"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=317566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=317566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=317566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}