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Stocks in Australia trade higher; investors await Chinese manufacturing PMI

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Shares in Australia traded higher in the morning of the first trading day of the year, ahead of the release of a private survey on manufacturing activity in China for December.

was about 0.1% higher in early trade, with majority of the sectors in positive territory.

Over in South Korea, data released Wednesday showed the country's exports falling less than expected in December.Reuters reported Wednesday , citing data from the country's trade ministry. That was lower than median expectations of a 6.0% fall from a Reuters poll. Investors will also await the release of China's Caixin/Markit manufacturing Purchasing Managers' Index for December, expected to be out around 09:45 a.m. HK/SIN. The official manufacturing PMI released Tuesday came in

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