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Bouncing Off Trend Low

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Opens Gap With Recent Highs

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Attention Remains On The Bear Channel Top

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Approaching Key Support

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Pulls Back From Key Resistance

CHINA MAY CURB HOME PRICES: DAILY

CHINA PRESS

Chinese authorities may tighten housing policies to keep

prices at "healthier levels" in H2 if some cities continue to

experience price surges, the Economic Information Daily reported. Citing

Yan Yaojin, research director at CRIC, the Daily's report says that the average home price

in 100 cities rose 10.9% year on year in H1, with some markets

showing larger gains. Hangzhou, Nanjing and Chengdu, three second-tiered cities,

led the gains with Chengdu's average jumping as much as 21% y/y, the newspaper said.

Housing investments were favored due to lower returns on wealth products and

stock volatility.