Hong Kong's stock market ended higher Friday with the benchmark Hang Seng Index up 0.93 percent to close at 25,339.139 points.
The Hang Seng China Enterprises Index gained 1.17 percent to finish at 9,079.93 points, while the Hang Seng Tech Index advanced 2.71 percent to 5,647.68 points.
In Japan, the benchmark Nikkei 225 rose 23.12 points, or 0.054 percent, to close at 42,633.29 points.
Market analyst Wang Yin recapped the day's stock market performance in Hong Kong and Japan.
"Hongkong's benchmark Hang Seng index gained 0.93 percent, as investors rotated back onshore to chase the A-share rally. Tech shares led gains as well, with the Hang Seng tech index up 2.71 percent and AI sector up 2.47 percent. Shares of Chinese short video platform Kuaishou Technology gained 4 percent, as its Q2 revenue rose 13.1 percent year on year, and operating profit was up 35.4 percent year on year. Shares of Li Ning also jumped after releasing its interim results. In the auto sector, Xpeng opened surging 9.3 percent and closed the day 13 percent up as its major shareholder has increased its holdings by 3.1 million shares," Wang said.
Turning to the Japanese market, she noted: "Over in Japan, the Nikkei 225 index was slightly up at the close, after the index veered between gains and losses, paring its advance to 1.3 percent so far this month. Japanese data showed core consumer prices slowed for a second straight month in July but stayed above the central bank's 2 percent target, keeping alive expectations for a rate hike in the coming months. That did little to help the yen, though, which was poised for a 1 percent decline for the week."
Analyst recaps Asian stock markets' performance on Friday
