* Shanghai stocks -0.48%, blue-chip CSI300 -0.16%
Financials, consumer discretionary firms weigh
* China's A-shares are at 33.03% premium over H-shares
SHANGHAI, April 13 (Reuters) - China stocks ended lower on
Tuesday, extending losses into a third day on weakness in
financials and consumer discretionary shares, as robust trade
data added to investor concerns that authorities could begin to
** At the close, the Shanghai Composite index was down
0.48% at 3,396.47, its third day of losses.
** The blue-chip CSI300 index ended down 0.16%,
turning lower from midday gains.
** The financial sector sub-index fell 0.44%, the
real estate index dipped 0.89% and the consumer
discretionary sector slumped 2.45%.
** China's exports grew strongly in March on improving global
demand as COVID-19 vaccinations progress, and import growth hit
a four-year high, adding to signs of a solidifying recovery in
the world's second-largest economy.
** Investor concerns that a recovering economy could prompt
policy tightening have been a consistent drag on A-shares in
recent weeks, despite officials emphasising policy continuity.
** China should avoid credit contraction and keep inflation
expectations from intensifying, the 21st Century Business Herald
quoted central bank policy adviser Wang Yiming as saying on
** Wang's words followed comments from Sun Guofeng, head of the
monetary policy department at the People's Bank of China, who
said Monday that China will maintain continuity, stability and
sustainability of its economic policies.
** The smaller Shenzhen index ended down 0.17% and the
start-up board ChiNext Composite index was higher by
** Around the region, MSCI's Asia ex-Japan stock index
was barely changed, while Japan's Nikkei index
closed up 0.72%.
** At 0707 GMT, the yuan was quoted at 6.5505 per
U.S. dollar, 0.05% weaker than the previous close of 6.5475.
(Reporting by Shanghai Newsroom, Editing by Sherry