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Nikkei Markets

Hong Kong shares edge higher after Wall Street rebound

China Mobile and state oil companies lead gains

  © Reuters

HONG KONG (Nikkei Markets) -- Hong Kong shares headed higher on Friday morning as investors digested quarterly earnings from blue-chip companies and a technology-led rebound on Wall Street boosted regional equities.

The Hang Seng Index was up 0.1% at 30,031.88 as of the noon lunch break after rising as high as 30,336 earlier. China Mobile added 2.2%, contributing most to the gauge's gains by points. China Petroleum & Chemical (Sinopec) climbed 3.1% after reporting a 12.8% increase in first-quarter net profit to 18.77 billion yuan ($2.96 billion) late Thursday. Energy producers CNOOC and PetroChina rose 2.5% and 1.8%, respectively, as global oil prices hovered near their highest levels since 2014.

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