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Chinese Shares Rise as Trade Surplus Exceeds Expectations; Hangzhou Gold Electronic Equipment Soars 625% in Shenzhen Debut

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Chinese shares rose on Tuesday as the country's trade surplus outpaced consensus forecasts.

The Shanghai Composite Index, the main gauge of Chinese stocks, rose 1.3% to 4,010.03. The Shenzhen Component Index jumped 3.0% to 15,268.72.

China's trade surplus expanded to $105.4 billion in May from $84.8 billion in April, higher than the consensus forecast of $88.7 billion tracked by Investing.com.

Exports rose 19.4% year over year to $376.8 billion last month, exceeding the consensus forecast for a 15% growth and April's 14.1% expansion.

Imports increased 27.4% to $271.3 billion, faster than the 25.3% jump in April and the consensus forecast for a 25% rise.

In company news, Hangzhou Gold Electronic Equipment (SHE:301669) shares jumped 625% versus their initial public offering price of 7.08 yuan per share on their first day of trading on the Shenzhen bourse.

What else is happening in Asia?

Asia

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KOSDAQ:086520KRX:005420
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BOM:500300NSE:GRASIM
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KOSDAQ:081180KRX:012450