In November, China's official manufacturing Purchasing Managers' Index (PMI) rose to 50.3, an increase of 0.2 points month-on-month, marking three consecutive months of growth and reaching a seven-month high; additionally, the November Caixin China manufacturing PMI released this morning (December 2) rose to 51.5, exceeding market expectations of only rising to 50.6, and has been in the expansion range for two consecutive months. Major stock markets in the Asia-Pacific region generally rose this morning, but the increases were modest, with the Taiwan stock market rising by more than 2%, outperforming the region.

The latest manufacturing data from the mainland is promising, leading to gains in the two A-share markets early in the day, with the Shanghai Composite Index up 33 points or 1% at around 3,360; the Shenzhen Composite Index, after opening lower, rebounded and rose 131 points or 1.2% to 10,743. The Hong Kong stock market opened 18 points higher this morning, initially fluctuating to a rise of 266 points, reaching a high of 19,690, but the increase was limited as Meituan-W (03690.HK) fell by 3.5% after its earnings report in the latter half of the day, closing half-day at 19,468, up 44 points or 0.2%, with a turnover of 77.871 billion HKD. The Taiwan stock market sharply rebounded by 527 points or 2.4%, reporting 22,790. Foxconn slightly rose by 0.3%; Taiwan Semiconductor increased by 3.9%, reporting 1,035 New Taiwan dollars.

South Korea's Kospi fluctuated and increased by 0.6%, reporting 2,469. Samsung Electronics slightly fell by 0.4%, while SK Hynix increased by 0.8%.

Japan's corporate capital expenditure in the third quarter increased by 8.1% year-on-year, surpassing expectations. The Nikkei indices showed volatility this morning, initially rising by 156 points but then experiencing pressure, falling by 249 points to a low of 37,958 before gradually stabilizing, closing half-day up 11 points; in the afternoon, it rose further, currently up 213 points or 0.56%, reporting 38,421. Hitachi Ltd sponsored ADR, Japan's second-largest market cap stock, surged by 4.9%, while Toyota, the largest market cap stock, also rose by 2.4%.

The Philippines' PSEI reversed four consecutive declines and sharply rebounded by 1.6%, reporting 6,721. New Zealand's 50 indices closed up by 0.4%, reporting 13,114. The Singapore Straits Index and Vietnam's VNI each rose by 0.4%. India's Mumbai, Australia's 200, and Malaysia's KLCI each slightly increased by 0.1%.

In Indonesia, the Consumer Price Index (CPI) for November rose by 1.55% year-on-year, slightly exceeding market expectations of a 1.5% increase, and remained at the lower end of the central bank's target range of 1.5% to 3.5%, with the previous value rising by 1.71%. The IDX in Indonesia slightly fell by 0.2%, reporting 7,100. The SET in Thailand also slightly decreased by 0.1%.