HK stocks closed firmer on Friday in volatile trade following the 130-point decline of the Dow overnight. The benchmark index opened up 40 points at 24,381 and briefly touched the day low of 24,295 (down 45 points). It then recovered all of its losses and rose 160 points in the afternoon trade, hitting the day high of 24,501.
The Hang Seng Index ended up 114 points or 0.5% to 24,455. The H-share index rose 70 points or 0.7% to 9,803. Turnover decreased to HK$144.09 billion from HK$117.7 billion on Thursday.
Blue chips were mixed. HSBC (00005) nudged up 0.2% to HK$30.95. HKEX (00388) edged up 0.7% to HK$372.6. Tencent (00700) nudged down 0.4% to HK$525. China Mobile (00941) inched up 0.1% to HK$52.45. AIA Group (01299) gained 1.2% to HK$80.
New economy counters were mixed. Xiaomi Corporation (01810) gained 3.5% to HK$22.05. Alibaba Group (09988) rose 0.7% to HK$269.6. Meituan Dianping (03690) added 0.3% to HK$241.6. JD (09618) put on 1.7% to HK$291.8 on reports that its unit JD Health is planning an IPO on the Hong Kong stock exchange.
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