Meanwhile, all eyes in Asia are on China’s November manufacturing purchasing managers’ index, a crucial benchmark provided by RatingDog. This private survey primarily focuses on firms with a strong export orientation, providing valuable insights into the health of China’s manufacturing sector.

This upcoming data follows an official report released on Sunday, which noted a slight improvement in China’s factory activity for November. However, it’s important to note that the sector remains in contraction for the eighth month in a row. In contrast, the services sector saw a dip in activity as the boost from earlier holiday seasons started to wane.

The developments in both manufacturing and services sectors are critical as they reflect broader economic trends in China, influencing market movements and investor strategies in the Asia-Pacific region and beyond.

As trading floors open, the interplay of these factors will be closely watched, with potential implications for global economic forecasts and policy decisions.

Japan’s benchmark Nikkei 225 index was set for a higher open, with its futures contract in Chicago trading at 50,405, and its counterpart in Osaka at 50,280, against the index’s last close of 50,253.91.

Australia’s ASX/S&P 200 was flat in early trading.

Futures for Hong Kong’s Hang Seng Index pointed to a higher open, trading at 26,022, against the index’s previous close of 25,858.89.

U.S. equity futures were little changed in early Asian hours after a winning week.

On Friday stateside, Wall Street came back from the Thanksgiving holiday for a shortened trading session. The Nasdaq Composite advanced 0.65% to end the day at 23,365.69, scoring its fifth straight day of gains.

Meanwhile, the S&P 500 gained 0.54% to settle at 6,849.09. The Dow Jones Industrial Average grew 289.30 points, or 0.61%, to finish at 47,716.42.

— CNBC’s Sean Conlon and Sarah Min contributed to this report.