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SINGAPORE (AP) -- Asian stocks were mostly lower Tuesday on investor concerns that Chinese moves to slow a soaring property market will undermine economic growth while Thai stocks vaulted on hopes of a resolution to the country's political crisis.

China's benchmark index in Shanghai led decliners, falling 43.22 points, or 1.5 percent, to 2,827.67 while Taiwan's market dropped 0.3 percent and Australia's index retreated 1 percent.

Elsewhere, Hong Kong's Hang Seng was down 52.30, or 0.3 percent, at 20,759.91 while Indonesia gained 0.9 percent. South Korea's Kospi, meanwhile, slipped 0.1 percent to 1,718.75. Singapore dropped 1.3 percent.

Markets in Japan were closed for a holiday while China's markets were closed Monday.

Thailand's benchmark stock index surged 4.5 percent after Prime Minister Abhisit Vejjajiva proposed a Nov. 14 date for fresh polls if anti-government protesters occupying central Bangkok accept his reconciliation plan and peace and stability is restored.

In other parts of Asia, sentiment was clouded by fears that China's efforts to curb inflation and property prices could slow the regional economic recovery.

On Monday, China increased the deposit reserve requirement ratio for most banks for the third time this year, the latest in a series of measures aimed at cooling the country's skyrocketing property prices.

The moves could help trigger a real estate price drop of more than 30 percent in the biggest cities and cut economic growth by 3 percentage points, Citigroup said in a report.

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The Euro has appreciated against the Pound on European session and rebound at 0.8625 low on Asian session, has extended to 0.8690 high, taking back all the ground lost on Tuesday, to reach levels right below 0.8700 resistance area.

The Euro needs to break and hold above 0.8680 level in order to confirm upside momentum, says César Leiceaga, technical analyst at Deltastock.com: "Capped by short term bearish trendline. Needs a brake above 0.8680 to consider a bullish continuation up to 0.8750 resistance. Favour the downside."

On the log-term, the bias is neutral, says Leiceaga: "Longer term bias is neutral for the pair, the wide range between 0,8600 and 0,9100 needs resolution."

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A quiet week with very thin market conditions as summer holidays slowly end and we waited for August’s US Non-Farm Payroll (a better than expected –54K). Equity indices rallied, most erasing the losses of the last two or three weeks, Jakarta (3164) to a new record and Malaysia (1,441) its best since January 2008’s peak at 1,524. Currencies were mixed, yen (83.66) and Swiss francs (1.0065) originally in demand but reversing on Friday’s numbers, the Singapore dollar setting a new record of 1.3419 per greenback as did EUR/CHF 1.2850. Benchmark yields rallied, some from record lows, the moves most pronounced in the JGB’s (10-year from 0.90% to 1.15%). Many index-linked issues set new record lows yields, then stabilised close to these points. Spot Gold at $1,245.65 is very close to its record high and Silver $19.68 not that far off 2008’s record $21.24. ICE Cotton at 91.80 cents per pound is two standard deviations above the long term mean, Pakistani floods affecting availability, likewise CME Live Cattle at 98.70 cents. Baltic Freight Rates up from depressed levels, trading around the mean of the last two years or so.

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