Press Releases in Hong Kong

Hong Kong shares end flat on Friday

SHANGHAI – Shares in the Hong Kong Special Administrative Region ended flat on Friday, as gains in major insurers offset loss in index heavyweight Alibaba Group.

The Hang Seng index was unchanged at 25,407.89, while the China Enterprises Index gained 0.2 percent, to 8,957.81 points.

For the week, the Hang Seng index and the China Enterprises Index rose 2.2 percent and 2.5 percent, respectively, their biggest weekly gains since July 16.

Gaming and social-media giant Tencent, food-delivery giant Meituan dropped 1.1 percent and 0.8 percent, respectively.

The Hang Seng Tech Index went down 0.2 percent. For the week, the guage rose 7.2 percent, the biggest weekly gain in seven months.

Ping An Insurance Group rose 4 percent on its buyback plans.

Ping An moved the Hang Seng Index up 34 points, while insurer AIA Group rose 1.4 percent, pushing up the benchmark index by 30 points.

Shares of carmakers gained, after Chinese mainland's Ministry of Industry and Information Technology organized a meeting to support accelerating the development of new energy vehicles.

Geely Automobile Holdings, BYD Co closed higher 2.6 percent and 2.3 percent, respectively.