Hong Kong’s Hang Seng Index rose Friday but was still headed for its first back-to-back weekly loss since April after investors locked in profit earlier in the week from this year’s best performers.
The benchmark rises 0.5% as of 10:35am, trimming weekly loss to 2.2%; the gauge is in line for a two-week loss of 4.8%, which would be its biggest since last December.
Hang Seng China Enterprises Index rises 0.7%, paring weekly loss to 1.9%.
Shanghai Composite Index little changed, heading for fourth straight weekly loss; SHCOMP has risen 5.4% this year. ChiNext Index gains 0.7% Friday.
Technology stocks show signs of recovery after recent selloff, withTencent Holdings Ltd. rising 2.1% following its 3.3% gain Thursday.