Hong Kong shares rose 0.11 percent Friday following a record close on Wall Street as investors look ahead to the release of provisional Chinese manufacturing data next week. The benchmark Hang Seng Index added 26.33 points to 23,194.06 on turnover of HK$51.02 billion (US $6.58 billion).
The rise snapped a four-day losing streak and was helped by the US Federal Reserve's upbeat outlook on the US economy in a post-meeting statement on Wednesday.
In New York, the S&P 500 ended at an all-time high for the second straight session, helped by figures showing new claims for unemployment insurance benefits fell last week, pointing to a general downtrend in job losses.
The broad-based S&P 500 rose 0.13 percent, while the Dow edged up 0.09 percent although the Nasdaq dipped 0.08 percent.
Eyes will now turn to the release on Monday of HSBC's preliminary purchasing managers index of Chinese manufacturing activity, hoping for another pick-up following a recent spell of bright figures.
Among Hong Kong stocks, Cathay Pacific Airways eased 0.14 percent to HK$14.44, Sun Hung Kai Properties slipped 0.83 perecnt to HK$107.10, CNOOC was down 0.42 percent at HK$14.06 and HSBC shed 0.12 percent to HK$80.80.
China Mobile gained 0.46 percent to 75.85 and Internet firm Tencent Holdings was unchanged at HK$115.80, while casino operator Sands China jumped 2.34 percent to HK$54.6.
In China the benchmark Shanghai Composite Index edged up 0.15 percent higher, adding 2.94 points, to 2,026.67 on turnover of 53.2 billion yuan ($8.5 billion). But the index lost 2.13 percent for the week.
The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.93 percent, or 9.69 points, to 1,050.11 on turnover of 71.8 billion yuan. It dropped 2.71 percent over the week.
Investors shook off fears over a share glut as six companies began selling shares to investors this week ahead of planned listings, according to state media.
"The market has gradually digested the negative impact from the new share issues, and losses in the previous sessions offered room for a rebound," Zheshang Securities analyst Zhang Yanbing told AFP.
Bank of China gained 1.10 percent to 2.75 yuan while China Construction Bank rose 0.73 percent to 4.14 yuan after the central bank said the two will be allowed to handle yuan clearing business overseas.
Companies based in the southern coastal city of Xiamen were higher on hopes the city will be upgraded to a municipality directly under the central government.
Xiamen Port Development surged by its 10 percent daily limit to 7.40 yuan in Shenzhen while Xiamen International Trade Group jumped 8.28 percent to 5.10 yuan in Shanghai.
Among other firms Wuhan Iron & Steel added 0.50 percent to 2.00 yuan, SAIC Motor rose 1.58 percent to 15.47 yuan and China Southern Airlines was unchanged at 2.26 yuan.
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