* SSEC +0.24%, CSI300 -0.05%, HSI +1.86%
* Consumer firms drive A-shares gains
* Export data shows recovering global demand
* Tech boosts Hang Seng; Tencent jumps after Sougou deal
SHANGHAI, July 13 (Reuters) - Shanghai shares rose on
Tuesday on strong gains in consumer staples firms, as new data
showed China's exports grew at a much faster-than-expected pace
in June on recovering global demand.
** Easing global lockdown measures drove China's June exports to
grow much faster, and import growth also beat expectations,
customs data showed on Tuesday.
** At the midday break the Shanghai Composite index was
up 0.24% at 3,556.27 points. China's blue-chip CSI300 index
was down 0.05% at the midday break, a day after rising
1.25% on a central bank announcement that it would cut banks'
reserve requirement ratios (RRR).
** In a commentary on Tuesday, a former People's Bank of China
official said the RRR cut could help authorities to deal with
shifts in U.S. monetary policy and may relieve future downward
pressure on the yuan, while noting that China's recovery remains
** The CSI consumer staples sector rose 1.75% and
the real estate index added 0.4%.
** Refinitiv data showed foreign investors were net buyers on
the day, with Northbound Stock Connect flows totalling 4.257
billion yuan ($658.53 million) by midday.
** Chinese H-shares listed in Hong Kong rose 2.15% to
10,159.95, while the Hang Seng Index was up 1.86% at
** Tech firms in Hong Kong drove gains, with the Hang Seng Tech
index rising 2.72%.
** Tencent Holdings Ltd jumped 5.05% after China's
antitrust regulator on Tuesday approved its plan to take the
country's no.3 search engine Sogou Inc private in a
$3.5 billion deal.
** The smaller Shenzhen index was down 0.14%, the
start-up board ChiNext Composite index was weaker by 1%
and Shanghai's tech-focused STAR50 index was down
** The yuan was quoted at 6.465 per U.S. dollar,
0.17% firmer than the previous close of 6.4762.
(Reporting by Andrew Galbraith; Editing by Shailesh Kuber)