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Hong Kong: Stocks follow global markets down, but have best week in 10 mths


[HONG KONG] Hong Kong stocks tracked global markets lower on Friday as energy shares pulled back after an oil price rally paused, but for the week main indexes enjoyed their best performance in 10 months with gains of more than 5 per cent.

The Hang Seng index fell 0.4 per cent for the day, to 19,285.50, while the China Enterprises Index lost 0.7 per cent, to 8,112.57 points.

For the week, Hang Seng gained 5.3 per cent, while HSCE jumped 8 per cent, making this week their best since the one ended April 10, 2015.

After the previous week's turmoil, risk appetite has improved on the back of a broad rally in global markets as oil prices bounced.

But traders fear the optimism could soon fade amid lingering economic uncertainty.