Hong Kong stocks rose on Friday, boosted by optimism surrounding potential trade talks between China and the US, as well as an overnight rally on Wall Street fueled by strong earnings reports from some tech giants.
The Hang Seng Index advanced 0.9 per cent to 22,313.99 as of 9.56am, on track for a third weekly gain. The Hang Seng Tech Index climbed 1.5 per cent.
Mainland stock exchanges were closed for the Labour Day holiday and will resume trading on Tuesday. The benchmark CSI 300 index lost 3 per cent in April.
Smartphone and electric-car maker Xiaomi rose 3.9 per cent to HK$51.90 after reporting a year-on-year increase in EV deliveries in April, while e-commerce giant Alibaba Group Holding gained 2.3 per cent to HK$120.50. Bourse operator Hong Kong Exchanges and Clearing advanced 2.6 per cent to HK$349.80. Gold producer Zijin Minding rose 3.3 per cent to HK$17.56, while apparel maker Shenzhou International gained 2.7 per cent to HK$55.30.
Sinopharm Group dropped 1.5 per cent to HK$18.06, while New Oriental Education declined 1 per cent to HK$37.90.
