September 10, 2024 at 03:40 am EDT
(MT Newswires) -- Chinese shares slightly rebounded on Tuesday as sentiment was uplifted by better-than-expected export data, while imports missed forecasts.
The Shanghai Composite Index, the main gauge of Chinese stocks, added 0.3%, or 7.70 points, to finish today's session at 2,744.19. The Shenzhen Component Index marginally rose to 8,073.83.
China's export values jumped 8.7% year over year to $3.087 trillion in August, according data published by Customs on Tuesday. The pace of growth is faster than the 6.5% median forecast of Reuters-polled analysts.
Imports missed the 2% growth prediction as it inched up 0.5% year over year to $2.176 trillion in the same month.
China's trade surplus amounted to $910.2 billion, wider than $84.65 billion in July and $67.81 billion in August 2023.
In corporate news, Suzhou SLAC Precision Equipment (SHE:300382) jumped 4.4% at the close after announcing plans to pay its fourth-year interest for a convertible bond on Sept. 18.

Sumber : MT Newswires