China stocks rise on demand for banks; Hong Kong up
(Updates to midday, adds premier's comments on economy)
* CSI300 +0.4 pct, SSEC +0.4 pct, HSI +0.5 pct
* Analysts say little impact from South China Sea ruling
* Markets focus on trade and GDP data
By Nathaniel Taplin
SHANGHAI, July 13 (Reuters) - Chinese stocks edged up on Wednesday, with investors buying financial shares on expectations of more policy support while shrugging off the impact of an international tribunal's ruling that denied China's claims in the South China Sea.
Finance stocks led indexes up, with sharp rises in banking shares, including China Minsheng Banking Corp Ltd, leading the CSI300 higher.
Chinese Premier Li Keqiang said on Wednesday China maintained sound economic growth in the second quarter, although he cautioned the foundation for strong economic performance was not yet strong.
On Tuesday, the Permanent Court of Arbitration in the Hague ruled in favour of the Philippines in a longstanding case, saying China had breached the Philippines' sovereign rights by endangering its ships and fishing and oil projects. Continuación...