<div>UPDATE 2-Modest gains in China's new home prices give authorities breathing room</div> <!-- no image --> <div>* Local tightening possible, unlikely to trigger major policy actions - analysts (Adds stock reaction, analyst quotes, details)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=xf2v8oykeqc:aLffD_AbzeI:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=xf2v8oykeqc:aLffD_AbzeI:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=xf2v8oykeqc:aLffD_AbzeI:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=xf2v8oykeqc:aLffD_AbzeI:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=xf2v8oykeqc:aLffD_AbzeI:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/xf2v8oykeqc" height="1" width="1" alt=""></div> Posted by Reuters