At close of trade, the benchmark Shanghai Composite Index added 0.16%, or 5.78 points, to 3,595.09. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 0.72%, or 18.01 points, to 2,477.49. The blue-chip CSI300 index was up 0.6%, or 2948 points, to 4,922.10.
ECONOMIC NEWS: China Exports And Imports Expand Notable In November- China exports grew at a pace of 22% year-on-year in November, according to the General Administration of Customs. However, this was slower than the 27.1% increase posted in October. Meanwhile, imports growth advanced to 31.7% from 20.6% a month ago. As a result, the trade surplus fell more-than-expected to $71.7 billion in November from $84.5 billion in October.
CURRENCY NEWS: China's yuan strengthened against the U.S. dollar on Tuesday despite softer mid-point fixing by central bank. Prior to market opening, the People's Bank of China (PBOC) set the midpoint rate CNY=PBOC at 6.3738 per dollar, 36 pips weaker than the previous fix of 6.3702. In the spot market, the onshore yuan CNY=CFXS was changing hands at 6.3712 at midday, 50 pips or 0.08% firmer than the previous late session close.
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