** Standard Chartered rises 8 pct despite quarterlyprofits more than halving, with traders saying weakness not asbad as first feared
** Pretax profits $589 mln v $1.4 bln yr ago
** Q1 income $3.3 bln down 24 pct on Q1 2015
** Two traders say declines in profits and income alreadypriced in
** Bank reported its first annual loss in 26 years in 2015,hurt by commodity exposure and restructuring costs, with shareshalving in value since March 2015
** Top riser on FTSE 100, after falling 6 pct intoresults on Monday
** HSBC up 2.3 pct