China’s main stock benchmarks rise on trade data

<p>China’s stock benchmarks have rallied on positive trade data.</p>

China's major stock indices have gained ground today (January 10th) after the Asian nation released a positive trade report.

This is the latest flush of impressive data to come from the world's number two economy, which had until lately been considered to be suffering due to a slowdown.

As such, China's key export market is in good health, rising by 14.1 per cent in December compared to the same month in 2011. This is compared to analysts' predictions of four per cent.

Furthermore, imports climbed by six per cent, indicating robust domestic demand.

This follows a manufacturing activity rise in China in December – the third consecutive month of growth for the sector – while the services sector grew at its fastest pace in four months over the 31-day period.

At close of play in Shanghai today, the SSE Composite rose by 0.3 per cent to 2283.6 points, while the Hong Kong Hang Seng rallied by 0.5 per cent to 23354.3 points.

Learn about the markets and find spread betting tips at City Index.

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.