Asia-Pacific markets opened December mixed Monday as traders parsed fresh manufacturing data from China and rising expectations of a U.S. Federal Reserve rate cut this month.

Traders are pricing in an 87.4% chance of a quarter-point rate cut for the upcoming Fed meeting on Dec. 10, according to the CME FedWatch Tool.

Hong Kong's Hang Seng Index added 0.81%, while the mainland CSI 300 was up 0.75%.

China's factory activity unexpectedly contracted in November, according to a private survey released Monday , as soft domestic demand continued to cast a pall over the world's second-largest economy.

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. A reading above the 50

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