Shares in Asia traded in tight ranges on Thursday after US stocks ticked higher and Treasuries fell on data showing US consumers expect inflation to persist. Equities slid in Australia, Hong Kong and China, while those in South Korea edged higher. Japanese markets are closed for a holiday.
that Beijing included distressed builders Country Garden Holdings and Sino-Ocean Group in a draft list of builders eligible for financial support, the latest move to plug an estimated $446-billion shortfall needed to ease the housing crisis. A gauge of property stocks is on track for its best week since early September. The S&P 500 rose 0.4% on Wednesday, ahead of the Thanksgiving holiday, resuming a November rally that has lifted the index around 8%, on track for its best month since July last year. US futures were little changed in early Asian tradin