Asia-Pacific markets set to open higher ahead of private survey of China’s manufacturing activity

Aerial view of vehicles being driven on the road through the central business district on October 5, 2020 in Beijing, China.Asia-Pacific markets opened December mostly in the red Monday as traders parsed fresh manufacturing data from China and rising expectations of a U.S. Federal Reserve rate cut this month.Traders are pricing in an 87.4% chance of a quarter-point rate cut for the upcoming Fed meeting on Dec. 10, according to the CME FedWatch Tool.Hong Kong's Hang Seng Index opened 0.13% lower, while the m ...