SHANGHAI – Hong Kong stocks ended higher on Friday on the back of gains in tech and healthcare firms, but posted weekly losses after the US Federal Reserve this week projected higher interest rates in 2023.
At the close of trade, the Hang Seng index was up 242.68 points, or 0.85 percent, at 28,801.27. The Hang Seng China Enterprises index rose 0.54 percent to 10,646.39.
Leading the gains, the Hang Seng tech index added 1.8 percent, while the Hang Seng healthcare index climbed 3.3 percent.
The sub-index of the Hang Seng tracking energy shares dipped 2.9 percent, while the IT sector rose 1.58 percent, the financial sector ended 0.53 percent lower and the property sector dipped 0.35 percent.