China, Hong Kong stocks jump to 3-month highs on upbeat China trade data

miércoles 13 de abril de 2016 00:26 GYT

* CSI300 +2.1 pct; SSEC +2.1 pct; HSI +2.4 pct

* China March exports post biggest increase since Feb 2015

* Energy shares jump as oil prices rose to highest level in 2016

SHANGHAI, April 13 (Reuters) - Leading share indexes in China and Hong Kong jumped over 2 percent to three-month highs on Wednesday morning, after better-than-expected China trade data raised hopes that the country's economic slowdown was over.

Energy shares led the way as global oil prices surged to the highest level in 2016 in overnight trading.

Both China's blue-chip CSI300 index and the Shanghai Composite Index advanced 2.1 percent by the lunch break, to 3,285.53 points and 3,086.51 points, respectively.

In Hong Kong, the Hang Seng index added 2.4 percent, while the Hong Kong China Enterprises Index gained 3.6 percent.

China's March exports blew past analyst expectations, rising 11.5 pct from a year earlier, the first increase since June and the largest rise since February 2015. Imports fell by 7.6 percent from a year earlier, less than expected.

China's trade data is "significantly higher than expected in March, which could continue to boost the risk sentiment in the short term," wrote Zhou Hao, economist at Commerzbank AG.   Continuación...