Asia Economy

• Australia's economic growth misses estimates, rising 2.1% in the third quarter - Australia's economic grew less than expected in the third quarter, still accelerating at the fastest pace in about two years, driven by investment and consumer demand.
• Asia-Pacific markets rise after Wall Street's tech-fueled recovery - Bitcoin climbed over 7% to cross the $90,000 mark after a sharp sell-off a day earlier.
• Tesla CEO Elon Musk bats for H-1B visa, says tariffs distort markets - Tesla CEO raises concerns over Trump's tariff policy and says he does not support closing of the H-1B visa program.
• South Korea auto stocks rise after U.S. Commerce Secretary confirms tariffs lowered to 15% - Overnight, bitcoin plunged around 6% to trade below $86,000, marking its worst day since March and pressuring the broader stock market down.
• India's industrial output grew just 0.4% in October, missing estimates - India's industrial output suffered due to weak manufacturing output and mining activity, low electricity consumption.
• China's factory activity unexpectedly contracts in November, missing estimates, private survey shows - The RatingDog China General Manufacturing PMI, conducted by S&P Global, dropped to 49.9 in November, missing analysts' expectations of 50.5 in a Reuters poll.
• Asia-Pacific markets set to open higher ahead of private survey of China’s manufacturing activity - Traders are increasingly expecting a rate cut in the upcoming U.S. Fed meeting on Dec. 10.