BUZZ-Chinese sportswear group Xtep jumps most in 8 weeks as retail sell-through grows

Reuters07-11

** Shares of Chinese sportswear group Xtep International Holdings Ltd jump 6% to HK$4.98, on track for biggest one-day pct gain since May 14, if trend holds

** Stock hits the highest level since June 25, up for a third straight session

** Xtep posts 10% Y/Y growth in retail sell-through in mainland China, including offline and online channels, for the three months ended in June, and a high single-digit growth for the January-June period

** Bigger rivals also rise, with ANTA Sports and Li Ning Co up 4.2% and 1.9%, respectively

** The Hang Seng Consumption Index rises 1.3%, while the Hang Seng Commerce & Industry Index and the Hang Seng Index both surge 1.7%

** Xtep stock up 12.9% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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