Shanghai said on Monday it would reduce some taxes on real estate transactions from Dec. 1, according to state media, a move designed to support the property market in China's second-largest city. China has been aiming to bolster the crisis-hit property market by increasing demand and easing developers' financial difficulties, with its finance ministry last week.
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Global stocks began the week on firmer footing ahead of a highly anticipated earnings release from Nvidia, while in Japan, comments from its central bank’s head left markets none the wiser on the country’s rate outlook. Bank of Japan Governor Kazuo Ueda reiterated on Monday the central bank will keep raising rates if economic and price developments move in line.
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Indians bought fewer smartwatches, earphones and other such gadgets, as the wearable device market shrank for the second straight quarter. In the July-September period, 38 million wearable devices were sold, down 20.7 percent for the same period of the previous year, due to fewer product launches and cautious inventory management in the festival season, IDC has said.
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