Sinopec Corp jumps 1.8 pct after parent's Addax deal

HONG KONG, June 25 (Reuters) - Shares in Asia's top refiner Sinopec Corp (0386.HK) jumped 1.8 percent at the open on Thursday, after its parent company embarked on China's largest-ever foreign oil acquisition.

The stock was set to open higher at HK$5.69 while its Shanghai listed shares (600028.SS) had gained 1.7 percent.

Sinopec Group agreed on Wednesday to buy Addax Petroleum Corp AXC.TO for about C$8.27 billion ($7.24 billion) to secure the Swiss oil explorer's high-potential oil blocks in West Africa and Iraq. [ID:nBNG477261] (Reporting by Parvathy Ullatil; Editing by Chris Lewis)