Bloomberg News

China Stocks Pare Gains

May 09, 2012

China’s stocks pared gains after export and import growth trailed economists’ estimates last month.

The Shanghai Composite Index rose 0.1 percent to 2,410.47 at 11:09 a.m. local time, after gaining as much as 0.4 percent earlier. The Hang Seng China Enterprises Index slid 1.1 percent.

China’s exports rose 4.9 percent in April from a year earlier while imports increased 0.3 percent, resulting in a trade surplus of $18.42 billion, the customs bureau said today.

The growth in overseas shipments compares with the 8.5 percent median estimate of 33 analysts in a Bloomberg News survey. Economists forecast import gains of 10.9 percent and a trade surplus of $9.9 billion.

To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net


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