China's Property Sector Struggles as Banks Grapple with Support

Asian shares were pulled down by losses in China and the absence of guidance from Wall Street, which was closed for the Thanksgiving holiday. The dollar remained weak, while Treasury yields climbed slightly. In geopolitical news, Israel and Hamas began a four-day ceasefire. MSCI's broadest index of Asia-Pacific shares outside Japan fell, but is still on track for a weekly gain. Japanese markets returned from a holiday, with the Nikkei climbing towards a 33-year high. Chinese bluechips and Hong Kong's Hang Seng index both declined. Cash Treasuries fell slightly, and the dollar index was near a three-month low. Oil prices extended losses, while gold prices were slightly higher.