Shanghai Composite closes at 19-month high

Mainland China shares closed mixed after swinging between gains and losses on Tuesday, 09 September 2014, as investors withdrawing some profit off the table following strong recent gains and after data showed imports unexpectedly dropped. The benchmark Shanghai Composite closed 0.09 point higher at 2326.53, the highest level since 3rd March 2013 when index closed at 2347.18. The CSI 300 declined 0.2% to close at 2,445.22, halting a six-day.

The General Administration of Customs said on Monday that exports in the world's second-largest economy jumped 9.4% on year in August, higher than expectations for 8% rise, but slower than July's 14.5% growth rate. But imports fell an annual 2.4%, missing estimates for a 1.7% increase, which led to an all-time high trade surplus of US$49.8 billion, exceeding forecasts for a surplus of US$40 billion.

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