Ticker	Volume	Price	Price Delta
DJIA	15,387.60	+52.30	0.34%
S&P 500	1,669.16	+2.87	0.17%
Nasdaq	3,502.12	+5.69	0.16%

Ticker

Volume

Price

Price Delta

DJIA

15,387.60

+52.30

0.34%

S&P 500

1,669.16

+2.87

0.17%

Nasdaq

3,502.12

+5.69

0.16%

Ticker	Volume	Price	Price Delta
STOXX 50	2,821.65	-2.85	-0.10%
FTSE 100	6,803.87	+48.24	0.71%
DAX	8,472.20	+16.37	0.19%

Ticker

Volume

Price

Price Delta

STOXX 50

2,821.65

-2.85

-0.10%

FTSE 100

6,803.87

+48.24

0.71%

DAX

8,472.20

+16.37

0.19%

Ticker	Volume	Price	Price Delta
Nikkei	15,501.20	+120.22	0.78%
Hang Seng	23,366.40	-126.66	-0.54%
S&P/ASX 200	5,200.10	+20.04	0.39%

Ticker

Volume

Price

Price Delta

Nikkei

15,501.20

+120.22

0.78%

Hang Seng

23,366.40

-126.66

-0.54%

S&P/ASX 200

5,200.10

+20.04

0.39%

China Property Tax May Lead to 20% Decline in Housing Prices, Citic Says

By Bloomberg News - 2010-11-03T01:11:29Z

The introduction of a property tax in China may cause housing prices to drop between 15 percent and 20 percent, according to Citic Securities.

The tax may affect economic growth by 0.48 percentage point to 0.64 percentage point by slowing down real-estate investment, analysts led by Zhu Jianfang wrote in a note today. The tax would bring 300 billion yuan of fiscal revenue for local governments, they said.

To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net

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