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China shares rebound to near multi-month highs, auto makers jump

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(Globalpost/GlobalPost)

Feb 8 (Reuters) - China shares rebounded from Thursday's loss to hit new multi-month highs on Friday, led by automakers after strong January sales as investors also cheered positive trade data ahead of the week-long Lunar New Year holiday.

The CSI300 of the top Shanghai and Shenzhen A-share listings ended up 0.4 percent on the day and 1 percent on the week at 2,771.7.

The Shanghai Composite Index rose 0.6 percent on Friday and 0.6 percent this week. This was the second-straight weekly gain for both indexes. Onshore Chinese markets will be shut next week and resume trading on Feb. 18. (Reporting by Clement Tan; Editing by Jacqueline Wong)

http://www.globalpost.com/dispatch/news/thomson-reuters/130208/china-shares-rebound-near-multi-month-highs-auto-makers-jump