- The pace of contraction in China's manufacturing sector slowed in November and the services sector grew, signs that the country's transition to a consumption-driven economy may be back on track.
- China's official manufacturing PMI stood at a three-year low of 49.6, but the services PMI edged up to 53.6 from 53.1 in October. The services sector is the biggest contributor to China's GDP.
- Meanwhile, the private Caixin survey showed factory activity contracting at a slower pace last month, rising to 48.6 from 48.3.
- Japan +1.3%; Hong Kong +1.8%; China +0.3%.
- Previously: Nikkei back above 20K (Dec. 01 2015)
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