Hong Kong: Shares reach highest close in eight weeks

[HONG KONG] Hong Kong shares rose to a eight-week closing high on Friday, capping a bullish week on an upbeat note, as global equity markets continued to strengthen on higher oil and commodity prices.

The Hang Seng index rose 1.2 per cent, to 20,176.70, while the China Enterprises Index gained 2 per cent, to 8,557.69 points. Both indexes closed at their highest level since Jan 8.

For the week, the Hang Seng rose 4.2 per cent and HSCE 6.5 per cent.

Energy and resources shares led the benchmark index higher.

REUTERS