Hong Kong stocks advanced on Friday, boosted by tech names, coming close to reclaiming an October peak even as some investors awaited US jobs data for clues on interest-rate decisions and took profits.
The Hang Seng Index opened lower before rising 0.2 per cent to 20,942.55 at 9.56am local time. The Hang Seng Tech Index climbed 0.7 per cent. Both benchmarks are on track for the biggest week since October 4.
The CSI 300 Index and Shanghai Composite Index both gained 0.5 per cent.
Among the gainers, Lenovo jumped 6.3 per cent to HK$12.22, Xiaomi rose 5.4 per cent to HK$42.70 and Geely Automobile climbed 5.1 per cent to HK$17.24. Xinyi Solar Holdings rose 4.8 per cent to HK$3.49, while electric-vehicle makers Li Auto and BYD advanced 3.6 per cent to HK$99.35 and 3.1 per cent to HK$325.60, respectively.
Trimming gains, Sinopharm Group declined 2.2 per cent to HK$20.15, while Trip.com slipped 1.3 per cent to HK$535.50. Food delivery company Meituan dropped 1.1 per cent to HK$148.50, and Citic Securities dipped 1.3 per cent to HK$8.87.
Chinese tech stocks have reaped the AI theme stemming from the emergence of DeepSeek for a week.
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