REFILE-China shares rise at midday despite import slump, Hong Kong up too

lunes 8 de diciembre de 2014 00:51 GYT

(Refiling to correct spelling in the 1st paragraph)

* CSI300 +2.2 pct, SSEC +1.4 percent, HSI +0.4 pct, HSCE + 1.8 pct

* Analysts see resistance at 3,000 for SSEC index

* Brokerages extend gains, defence shares rise

* Hong Kong heartened by US employment data

SHANGHAI, Dec 8 (Reuters) - China stocks rose on Monday, shrugging off weak trade data and extending a policy-fuelled rally that has repeatedly set records for turnover.

Exports slowed more dramatically than expected in November, a setback that supported arguments that September and October figures had been distorted upwards by speculation, as investors smuggled money onshore through manipulated trade invoices ahead of the Shanghai-Hong Kong Stock Connect pilot's launch.

Imports unexpectedly contracted, fueling concerns the world's second-largest economy could be facing a sharper slowdown and adding pressure on policymakers to roll out more stimulus measures.

The CSI300 index rose 2.2 percent, to 3,194.40 points at the end of the morning session, while the Shanghai Composite Index gained 1.4 percent to 2,979.31 points.   Continuación...