Hong Kong stocks rose 1.34 percent by midday on Friday nearing a three-month high as strong earnings from ZTE Corp (0763.HK) and Tsingtao Brewery (0168.HK) and hopes of appreciation in the yuan lifted mainland stocks.
China's main stock index edged up 0.49 percent, buoyed by a buying spree in new listings, but it remained captive to range-bound trade as strong corporate earnings offset liquidity tightening efforts by authorities.
In Hong Kong, the benchmark Hang Seng Index .HSI gained 1.3 percent, or 293.39 points, to cross the 22,000-mark that market players considered a strong resistance. The China Enterprises Index .HSCE of top locally listed mainland Chinese stocks was up 1.28 percent at 13,020.09.
Market turnover rose to HK$42.65 billion ($5.50 billion) from midday Thursday's HK$37.75 billion.
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