China, Hong Kong shares firm as export growth raises hopes for GDP
* CSI300 +0.1 pct; SSEC +0.1 pct; HSI +0.9 pct
* Market price in some upside surprise in China's Q1 GDP
* Index of A/H share premium to fall for 7th day to a 5-month low
SHANGHAI, April 14 (Reuters) - China and Hong Kong stocks remained firm on Thursday morning, with investors pricing in some upside surprise in China's first-quarter GDP figures to be released on Friday, traders said.
Data released on Wednesday's showed China's exports in March returned to growth for the first time in nine months, providing an encouraging sign ahead of the GDP release.
By the lunch break, both the CSI300 index and the Shanghai Composite Index had risen 0.1 percent.
Hong Kong shares rose to three-month highs, with the Hang Seng index adding 0.9 percent while the Hong Kong China Enterprises Index gained 1.1 percent.
In a sign of rapidly shrinking price differences between the two markets, an index tracking premiums of China-listed firms to their Hong Kong-traded counterparts is on track to fall for seven sessions in a row to a five-month low.
"We believe the recent trade, car sales and electricity consumption data point to a potential upside surprise to March data," Morgan Stanley wrote. Continuación...