Shanghai shares close higher on strong trade data
(Il Sole 24 Ore Radiocor) - Milano, 9 giu - Chinese share prices closed higher as investor sentiment was boosted by May trade data that exceeded analyst expectations.
China's trade surplus widened to 105.4 billion dollars from 84.82 billion in April, surpassing the 86.8 billion dollars anticipated by economists, according to data released by the General Administration of Customs.
Exports grew by 19.4% year on year, while imports climbed 27.4%, both accelerating from April levels.
Gains were led by the tech and semiconductor sectors.
The Shanghai Composite index rose 1.28% to close at 4,010.03.
points.
(RADIOCOR) 09-06-26 10:02:57 (0230) 5 NNNN