A live blog covering developments in the Asia-Pacific markets, including insights on China's services sector growth, the impact of potential U.S. tariffs, and the fallout from a failed arrest attempt in South Korea.
This is CNBC's live blog covering Asia-Pacific markets. S&P Global's service sector purchasing managers' index (PMI) rose to 52.2 in December — the service sector's fastest expansion since May 2024. China's central bank said over the weekend it would implement a Separately, Hong Kong's PMI declined in December compared to the month before. December PMI figures for India will also be released Monday.
Stock futures are little changed ahead of key jobs data in a shortened trading week: Live updates A bid to arrest Yoon on grounds of insurrection last Friday failed after investigators were locked in a stand-off with presidential security officials. China's services sector growth hits 7-month high in December: Caixin survey China's services sector expanded at its fastest pace in seven months, according to the Caixin survey, compiled by S&P Global. Caixin said that the acceleration in business activity growth was supported by greater new business inflows, though it noted that export business declined for the first time since August 2023. Quicker new business growth, however, increased work backlogs, as firms have lowered employment levels due to a decline in business optimism. The reading was lower than the 51.2 seen in November. 'Subdued external demand was a key dampener for growth in the closing month of 2024,' Jingyi Pan, economics associate director at S&P Global Market Intelligence wrote in the release. He noted that firms in Hong Kong were concerned about potential U.S. tariffs impacting trade, adding that this may 'remain a key driver of sentiment and economic conditions in the new year.' fell 2% after the carmaker's president Tadashi Imai reportedly said that the company might file a lawsuit against the U.S. government, according to This comes after U.S. President Joe Biden blocked Nippon Steel's purchase of U.S. Steel after a year-long review, citing national security concerns. The NTV report quotes Imai as saying, 'Our company has the right to be properly reviewed. The history of the review so far and the U.S
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