Asian shares edged lower and the dollar gave up some of its recent gains against the yen on Monday, as investors cautiously awaited key U.S. data this week and took heart from a decent reading on China manufacturing. China's factory activity maintained steady growth momentum in November, boosted by resilient new orders, though the pace of expansion eased slightly from October, final HSBC/Markit Purchasing Managers' Index (PMI) showed. "China's manufacturing sector kept relatively steady growth momentum in November, as the final manufacturing PMI was revised up from the flash reading on the back of faster new business gains," said Hongbin Qu, chief China economist at HSBC.
via Business News - Yahoo Finance http://finance.yahoo.com/news/asian-shares-edge-lower-china-020032614.html
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