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Shanghai, Hong Kong: Stocks end volatile day higher

[HONG KONG] Shanghai and Hong Kong stocks reversed morning losses to end sharply higher Tuesday, despite data showing Chinese imports and exports tumbled in August, in another day of volatile trade Tuesday.

The benchmark Shanghai Composite Index added 2.92 per cent, or 90.03 points, to 3,170.45. The index fell as much as 2.25 per cent at one point and was 3.06 per cent up late afternoon business.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, surged 3.83 per cent, or 64.21 points, to 1,741.54.

In Hong Kong the Hang Seng Index soared 3.28 per cent, or 675.52 points, to close at 21,259.04, having fallen as much as 1.4 per cent in the morning.