Asia Economy

• China's factory activity unexpectedly contracts in November, missing estimates, private survey shows - The RatingDog China General Manufacturing PMI, conducted by S&P Global, dropped to 49.9 in November, missing analysts' expectations of 50.5 in a Reuters poll.
• Asia-Pacific markets set to open higher ahead of private survey of China’s manufacturing activity - Traders are increasingly expecting a rate cut in the upcoming U.S. Fed meeting on Dec. 10.