China, Hong Kong stocks fell on Tuesday, weighed down by China trade data that points to sluggish domestic demand and undercuts expectations for an economic rebound.

** China's blue-chip CSI 300 closed down 1.5%, while the Shanghai Composite Index lost 1.1%.

** Hong Kong's Hang Seng Index slid 0.3%, and the China Enterprises Index dropped 0.4%.

** China stocks were mixed in the first half of the trading session before being dragged lower by customs data showing China's exports in the January-February period fell from a year earlier. Imports also decreased at a faster rate, reflecting a slowdown in the global economy and weak domestic demand.

** Capital Economics said in note that the import trade volume dimmed hopes for an economic rebound.

** "China's economy will have to depend more on domestic demand this year," Zhiwei Zhang, President and Chief Economist at Pinpoint Asset Management wrote in a note.

** China will strive to achieve full-year economic targets and push forward high-quality development, state media reported on Monday, citing Li Qiang, a Chinese Communist Party Politburo Standing Committee member.

** China and Hong Kong energy indexes soared, tracking rising global oil prices after industry executives flagged concerns over oil supplies while demand from China increases as the economy recovers.

** Energy stocks were also boosted after the Shanghai Stock Exchange head on Monday proposed an upward revaluation of central state-owned enterprises on Monday. Major energy and financial companies in China are predominantly state-owned.

** The CSI Energy index was up 1.4%, with CNOOC rising 5.9%, China Petroleum & Chemical 3.1% and PetroChina 2.4%. Similarly in Hong Kong market, energy shares gained 3.2%.

** Tech giants in Hong Kong fell 1.3%.

** Globally, investors will monitor congressional testimony from Federal Reserve Chair Jerome Powell later in the day for clues on the central bank's next move on interest rates. (Reporting by Shanghai Newsroom; Editing by Bradley Perrett and Barbara Lewis)