Asia stocks set to open higher as investors await Chinese manufacturing data

Investors will await the release of a private survey of Chinese factory activity, with the Caixin/Markit manufacturing Purchasing Managers' Index set to be out around 9:45 a.m. HK/SIN.

Data released over the weekend showed the official Purchasing Managers' Index was at 50.2 in November, according to China's National Bureau of Statistics. That was beyond expectations of a November reading of 49.5 by analysts in a Reuters poll.Uncertainty continued to cloud the outlook for U.S.-China trade negotiations and protests in Hong Kong.

Sunday that Beijing wants a rollback of tariffs in the phase one trade deal that the two economic powerhouses are aiming to reach.. U.S.-China tensions heightened last week after U.S. President Donald Trump signed two pieces of legislation supporting protestors in Hong Kong, prompting China's foreign ministry to claim Washington has "sinister intentions" after the bills were signed into law. A spokesman for the Chinese foreign ministry added Friday the country will take "The situation in Hong Kong has raised concerns of strains in trade negotiations between Washington and Beijing ahead of Dec.

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