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The Shanghai Composite Index dropped 1% and the Property Index fell 2.5% to a three-month low...
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Wednesday, March 13, 6:15 AM ETThe Shanghai Composite Index dropped 1% and the Property Index fell 2.5% to a three-month low after Shenzhen banned developers from raising home prices. The move adds to an announcement earlier this month of a nationwide 20% capital gains tax as authorities seek to curb the housing market.
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