China shares surge despite weak export data

Chinese shares surged on Wednesday even though China's exports took a surprising tumble in June and created pressure on growth of the world's second-largest economy.

The benchmark Shanghai Composite Index jumped 2.17 percent, or 42.67 points, to end at 2,008.13.

The Shenzhen Component Index soared 3.3 percent, or 250.78 points, to 7,851.25.