Global Markets Grapple with China Slowdown, Vanke Debt Woes, and ASX Outage

Key TakeawaysChina's manufacturing sector unexpectedly contracted in November 2025, with the RatingDog PMI falling to 49.9, marking the first contraction since July.Troubled property developer China Vanke (000002.SZ, 2202.HK) saw trading halted on its 2028 yuan bond after a dramatic 36% price drop to 34.5 per 100 par, signaling ongoing concerns in the Chinese real estate market.The Australian Securities Exchange (ASX) experienced an outage affecting its announcement system, though initial indications sugges ...