China stocks end lower as property firms drop on tax scheme plans

The blue-chip CSI300 index fell 0.3% to 4,963.10, while the Shanghai Composite Index also lost 0.3% to 3,597.64 points.

SHANGHAI: China stocks closed lower on Tuesday, pulled down by property shares as sustained worries over a planned pilot real-estate tax scheme dented home-buyer sentiment and risk appetite.

The blue-chip CSI300 index fell 0.3% to 4,963.10, while the Shanghai Composite Index also lost 0.3% to 3,597.64 points.