A look at the day ahead in Asian markets from Jamie McGeever.
Asian markets are looking to round off the week on a positive note on Friday, with regional stocks on course to chalk up their fourth straight weekly rise.
The relative calm may not last, however, if recession risks and fears accelerate. There are good reasons to believe this is in the cards. Indications from the initial batch of November purchasing managers index data released so far show that private sector business activity is weaker than forecast and in many countries is contracting, most notably in the United States.
In Asia, Japan's manufacturing activity is shrinking at its fastest pace in two years, flash estimates showed. Investors will be paying close attention to the PMI reports for most other Asian countries - including economic heavyweights China, South Korea and India - due out on Dec. 1.
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