Aust stocks pare gains on China trade concerns

Local market gives up early rally in wake of soft data that points to sluggish foreign demand, reignites growth concerns.

Investors retreated in the wake of disappointing Chinese trade balance numbers pointed to sluggish foreign demand and triggered more growth concerns, with the local stock market paring intra-day gains of more than 1.3% to close slightly higher.

At the 1615 AEST official market close, the benchmark S&P/ASX200 index rose 0.4% higher to 4,901.4 points, while the broader All Ordinaries index also added 0.39% to 4,885.4 points.

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