
Fitch Ratings-Hong Kong/Shanghai-02 December 2025:Fitch Ratings has placed Chinese homebuilder China Vanke Co., Ltd.'s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of 'CCC-' and wholly owned subsidiary Vanke Real Estate (Hong Kong) Company Ltd's (Vanke HK) Long-Term IDR of 'C…

Asian stock markets mostly advanced in thin trading as US markets closed for Thanksgiving, with Japan, China, and Taiwan gaining while Hong Kong declined; AI stocks led gains in China, Vanke's debt woes weighed, and investors await key PMI data.

Chinese stocks advanced as AI shares rebounded sharply, with the Shanghai Composite up 0.34%. Semiconductor and tech stocks gained on expectations of domestic chip demand, while Vanke’s debt concerns weighed on sentiment.
China’s home prices continue slide as support measures fail to budge sentiment
A gauge of new home prices in China slid 0.3 per cent in July, adding to the steepest…
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