Hong Kong stocks gained on Friday, as optimism over the new entente between North Korean leader Kim Jong Un and US President Donald Trump offset concerns about China's slower economic growth and the impact of US tariffs.
The Hang Seng index rose 1.1 percent to 30,996.21 while the China Enterprises Index gained 0.8 percent to 12,431.20 points. Kim has committed to "denuclearisation" and offered to hold the first-ever US-North Korea summit, marking a potentially dramatic breakthrough in the North Korea nuclear standoff.
The sub-index of the Hang Seng tracking energy shares rose 0.9 percent while the IT sector rose 1.19 percent, the financial sector was 0.9 percent higher and property sector rose 0.95 percent.
The top gainer on Hang Seng was Sunny Optical Technology Group Co Ltd up 7.47 percent while the biggest loser was Hang Lung Properties Ltd, down 0.95 percent. The top gainers among H-shares were PICC Property and Casualty Co Ltd up 3.87 percent, followed by Air China Ltd, up 2.41 percent and People's Insurance Group of China Co Ltd, up 2.37 percent.
The three biggest H-shares percentage losers were CGN Power Co Ltd, down 0.91 percent, Dongfeng Motor Group Co Ltd, down 0.8 percent and Huaneng Power International Inc down 0.6 percent.
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