Asia Stocks Climb Amid Economic Optimism and Global Tensions

Asia-Pacific markets mostly rose on Monday as investors focused on key economic data from the region. China's manufacturing PMI for November exceeded expectations, while Australia's retail sales saw their fastest year-on-year rise since May 2023. The S&P/ASX 200 in Australia hit a record closing high, and Japan's Nikkei 225 also gained. Meanwhile, U.S. markets continued their upward trend, with the S&P 500 and Dow Jones reaching new highs. In other news, shares of Adani investor GQG Partners fell sharply after a UBS downgrade.