28.11.2025 16:06
Asian stock markets are showing mixed trends as signals from macroeconomic data in Japan and concerns over the real estate sector in China are reducing risk appetite. The request from China Vanke for bondholders' approval to postpone the repayment of a 2 billion yuan bond raises worries that the already troubled housing market issues may deepen.
Concerns in the housing market continue after China Vanke, one of the leading real estate and construction companies in China, sought approval from bondholders to postpone the repayment of a local currency bond worth 2 billion yuan (282.6 million dollars).
This development triggers fears that the already troubled real estate sector in China may face even deeper issues. Analysts have stated that Vanke's potential default could overshadow previous defaults seen in major private companies like Evergrande and Country Garden.
Given the significant contribution of the real estate sector to the Chinese economy, it is anticipated that the country's economic growth could also be negatively affected. These concerns are limiting gains in Chinese markets.
CORE INFLATION IN JAPAN CAME IN ABOVE EXPECTATIONS
Macroeconomic data released in Japan indicates that inflation remains resilient in the country, leading to increased expectations that the BoJ may pursue monetary tightening.
The Tokyo Consumer Price Index (CPI), which outlines the inflation outlook in Japan, rose by 2.7% in October, in line with expectations, while core CPI increased by 2.8%, surpassing forecasts.
The unemployment rate in the country also exceeded expectations in October, coming in at 2.6%, while retail sales increased by 1.7%, above projections during the same period. Additionally, industrial production in Japan rose by 1.4% on a monthly basis in October.
Meanwhile, the dollar/yen exchange rate is stable at 156.2. Analysts noted that the increase in retail sales in Japan has fueled inflation concerns in the country, which has raised expectations for the BoJ's monetary tightening policy to gain strength.
With these developments, Japan's Nikkei 225 index rose by 0.17% to close at 50,253 points, while South Korea's Kospi index finished the day down 1.51% at 3,926 points.
Currently, China's Shanghai Composite Index is trading at 3,885 points, up 0.26%, while Hong Kong's Hang Seng Index is down 0.24% at 25,871 points.
In India, the Sensex index is trading at 85,874 points, which is 0.2% above its previous close.