SHANGHAI, Aug 8 (Reuters) - China stocks rose on Thursday, bucking weakness in broader Asian markets, as some investors likely saw the Chinese market as a safe haven despite a faltering economic recovery.
Tech shares led a selloff in stock markets around Asia, while the yen and U.S. bonds rebounded, as global investors struggled to find their footing in a wild week for markets.
"We think a deep correction in the Japanese market has limited impact on China's A-shares," said analysts at Shanghai Securities in a note.
"Funds are expected to flow back into A-share. We believe that increased uncertainty in the overseas market and increased expectations of a recent interest rate cut by the Federal Reserve may prompt funds to seek safe havens."
China's yuan was also slightly firmer against the U.S. dollar on Thursday, in tandem with a stronger Japanese yen, improving sentiment for the stock market.
The rise came even after China's exports grew at their slowest pace in three months in July, missing expectations and adding to concerns about the outlook for the manufacturing sector.
** By the midday break, the Shanghai Composite index was up 0.38% at 2,880.61 points and the blue-chip CSI 300 index rose 0.43%.
** The financial sub-index rose 0.57%, consumer staples jumped 1.87%, real estate climbed 2.79% and healthcare was up 0.84%.
** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.10% while Japan's Nikkei index fell 0.48%.
** Chinese H-shares listed in Hong Kong rose 0.87% to 5,984.94, while the Hang Seng Index was up 0.71% at 16,998.45.
** The smaller Shenzhen index was up 0.43%, the start-up board ChiNext Composite index was higher by 0.09% and Shanghai's tech-focused STAR50 index rose 0.97%. (Reporting by Shanghai Newsroom; Editing by Varun H K)
