Hong Kong Stocks Gain As Asian Markets Recover

Hong Kong shares ended the morning session in positive territory on Friday, rebounding from the previous day's losses as traders tracked a healthy lead from Wall Street.

The Hang Seng Index added 0.8 percent, to 31,226 by the break.

On the mainland, the Shanghai Composite Index added 0.1 percent, to 3,271 while the Shenzhen Composite Index was down 0.3 percent, to 1,766.

Most other Asian markets saw a bounce-back as investors tracked their New York counterparts.

Tokyo ended the morning 0.4 percent higher. Sydney and Singapore each put on 0.8 percent, and Seoul jumped 1.2 percent. Wellington, Taipei and Jakarta were also up.

Energy firms across the region were well up, recovering some of Thursday's losses, after oil prices jumped on the back of data showing US stockpiles fell last week. Forecasts had been for a rise. (AFP)

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