NAB National Australia Bank Limited

0223 GMT [Dow Jones] Australia's S&P/ASX 200 extends Monday's fall after China's Shanghai Composite dived 2% in early trading following China's announcement of new measures late Friday to curb property speculation. The measures announced by Australia's biggest trading partner include higher downpayment and mortgage rates in cities, where property prices have risen quickly, and a tightening of enforcement of a 20% capital gains tax on property transactions. Resources are continuing to lead declines, with BHP (BHP.AU) down 3.1% after commodity prices weakened Friday and BHP went ex-dividend Monday. Financials have reversed early gains, with Westpac (WBC.AU), NAB (NAB.AU) and Macquarie (MQG.AU) down 0.9%-1.5%. The S&P/ASX 200 has 20-day moving average support at 5014. Key support from last week's low is at 4978.4. The index is down 1.0% at 5033.7. (david.rogers1@wsj.com)

 
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