Hong Kong's Hang Seng Index closed higher on Friday, driven by resources and pharmaceutical stocks, according to China Global Television Network (CGTN) market analyst Timothy Pope.
The benchmark Hang Seng Index up 1.28 percent to close at 23,350.03 points.
The Hang Seng China Enterprises Index rose 1.15 percent to end at 7,699.76 points, and the Hang Seng Tech Index rose 1 percent to end at 4,499 points.
"[With] some strong performances from resources and pharmaceutical stocks - there were a couple with new drug approvals and international tie-ups grabbing market attention today on the pharmaceutical side. Investors around Asia were also looking at the latest U.S. jobs report that was released overnight and that came in a little bit softer. It prompted hopes that the U.S. Fed might not need to raise interest rates at its next meeting. In some quarters those rate hike bets turned to rate cut bets. But more broadly we saw cyclical and consumer shares gaining as a result," Pope said.
Resources, pharmaceutical stocks drive Hong Kong stocks higher: analyst
