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Equities

Nikkei Asia300 Index falls, dragged by Chinese banks, Singapore property developers

Samsung also declines on reported move to cut OLED panel output

MUMBAI (NewsRise) -- Asian stocks outside of Japan declined Tuesday, as Chinese lenders pulled back and Singapore property developers slipped after an increase in taxes for buyers of high-value homes.

The Nikkei Asia300 Index fell 0.3% to 1,441.72. Singapore property developers dropped after the city-state's government increased the duty paid by buyers for homes valued at more than S$1 million (USD 761,727) to 4% from 3%. UOL Group and City Developments lost at least 3% each and CapitaLand fell 1.9%.

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