Stocks advance on property firms' rebound

SHANGHAI - China's stocks advanced, paring a weekly loss, as property developers rebounded on speculation policymakers will continue to support the industry and economic growth may be sufficient to sustain prices.

China Vanke Co rose 1.3 percent after Radio Television Hong Kong cited the developer as saying it won't cut home prices nationwide this month.

UFIDA Software Co paced gains for technology stocks for a second day, the biggest advance among industry groups on the CSI 300 Index.