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Hong Kong: Shares follow Asian market higher

[HONG KONG] Hong Kong stocks followed Asian markets higher on Friday, with sentiment aided by strong Wall Street earnings and a step forward on U.S. tax reform.

The Hang Seng index rose 0.6 per cent, to 29,199.04 points, while the China Enterprises Index gained 0.7 per cent, to 11,608.73 points.

For the week, Hang Seng gained 0.7 per cent, while HSCE lost 1.2 per cent.

On Friday, the top gainers among H-shares were Air China Ltd, up 4.73 per cent, followed by Anhui Conch Cement Co Ltd gaining 4.31 per cent and China Merchants Bank Co Ltd, up 3.96 per cent.

The three biggest H-shares percentage decliners were China Longyuan Power Group Corp Ltd which fell 2.86 per cent, Zhuzhou CRRC Times Electric Co Ltd which lost 2.2 per cent and China Galaxy Securities Co Ltd down by 2.0 per cent.

REUTERS

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