Asia stocks rise on upbeat Chinese PMIs; Trump tariff threat limits gains

Investing.com-- Most Asian stock markets advanced on Monday with Chinese markets leading gains following a string of positive business activity readings from the country, although overall gains were held back by threats of more tariffs from U.S. President-elect Donald Trump.

Regional markets took a positive lead-in from a record-high close on Wall Street on Friday, as investors maintained bets that the Federal Reserve will cut rates later in December. But U.S. stock index futures edged lower in Asian trade, following Trump's tariff threat.rising to 50.3 from 50.1 in October, data showed on Monday. This marks the highest reading since June, driven by stronger output and new orders, reflecting the positive effects of recent government stimulus measures.

This comes after Trump's last week vow to impose higher import tariffs against China, Mexico and Canada, which could spark a renewed trade war between the world's biggest economies.Markets will be focused on a slew of key economic cues this week for more cues on U.S. and global interest rates.

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