China H-shares hit 3-week high after solid trade data

miércoles 12 de febrero de 2014 00:20 GYT
 

* HSI +1.1 pct, H-shares +1.5 pct, CSI300 flat

* China trade data trumps expectations, more macro data ahead

* China property leads cyclical gains in HK, A-shares sluggish

* Mengniu surges after Danone increases stake

By Clement Tan

HONG KONG, Feb 12 (Reuters) - Chinese shares listed in Hong Kong hit their highest level in nearly three weeks on Wednesday, outperforming mainland markets, after robust China trade data alleviated some fears about growth in the world's second-largest economy.

China exports jumped 10.6 percent in January from a year earlier, while exports rose 10 percent, beating expectations for a 2 and 3 percent rise, respectively.

But some analysts who had expected the Lunar New Year holiday to drag on the month's trade flows cautioned that the data may have been inflated by fake transactions, where traders forge deals so as to sneak cash into the country past capital controls.

More data is due later this week, with inflation on Friday and money supply and loan growth due by Saturday.   Continuación...