DISTRESS WATCH: China’s Housing Slump Adds to Troubled Debt Pile

China’s worsening property slump pushed the tally of distressed debt higher for the first time in five weeks after a selloff in the debt of the nation’s developers.

Builders including China Vanke and Longfor Group saw the equivalent of $2.4 billion of their debt slip into distressed trading levels in the week ended Sept. 13, according to data compiled by Bloomberg News.

That drove a 0.2% increase in the amount of bonds and loans in Bloomberg News’ global distressed debt tracker, which ended the week at $552.1 billion. The tally for APAC increased 0.3% to $217.2 billion. The measure ...