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The Hang Seng Index gained 1 per cent to 25,795.40 as of 10am local time, trimming its weekly loss to 1.4 per cent. The Hang Seng Tech Index advanced 0.9 per cent. On the mainland, the CSI 300 Index dropped 0.1 per cent and the Shanghai Composite Index lost 0.4 per cent.
Online-game provider NetEase jumped 2 per cent to HK$213.80 after JPMorgan analysts said its shares had upside next year given its successful overseas game launch. Local developer Sun Hung Kai Properties advanced 2.8 per cent to HK$98.50, and peer CK Asset Holdings added 1.9 per cent to HK$39.98.
Limiting gains, Chinese chipmaker SMIC slumped 1.9 per cent to HK$65.85, and private educational services provider New Oriental Education & Technology tumbled 0.3 per cent to HK$41.72, while local lender Hang Seng Bank fell 0.2 per cent to HK$152.70.
The conference – the Communist Party’s and State Council’s top annual economic planning meeting – wrapped up on Thursday with a call to “strengthen our own capabilities to cope with external challenges”, according to an official summary released by Xinhua.
