The HSBC China Purchasing Managers Index rose to 51.5 in December,up from 50.5 in November.It climbed at the fatsest pace since May 2011,and more than expected.A reading over 50 indicates growth in the sector.The Australian dollar extended this year's gain on the China PMI data.
India cut its coal imports by 13% in November.The SENSEX stock-index futures fell when the Royal Bank of India warned of rising risks to the economy in light of the grim outlook for global growth.
Japan's Nikkei stock index has risen 23% in 2012.It is the index's first annual rise in three years.
In early New Year's Eve trading,the Nikkei was up 0.70%.Hong Kong's Heng Seng index was virtually flat,down by 0.04%,while Australia's ASX 200 index fell 0.48%.
HSBC Holdings PLC(HBC)
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