Property firms lead rally in stocks
Most Chinese stocks rose as property developers climbed after the country's top leadership vowed to stabilize the real estate market.
About two stocks climbed for each one that fell on the Shanghai Composite Index, which closed 0.3 percent lower at 3,510.35 points. Property shares were the best performers on Tuesday, with Poly Real Estate Group Co and Gemdale Corp rising at least 1.3 percent after the Politburo of the Communist Party of China Central Committee called for measures to lower inventories. Material producers and brokerages declined after posting the biggest gains among industry groups on Monday.
The benchmark gauge has rebounded 20 percent from an August low after the government took unprecedented measures to prop up equities following a $5 trillion rout earlier in the year.
