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Nikkei Markets

Hong Kong shares inch higher amid Sino-US trade talks

Energy producers climb after Brent crude breaches $80 a barrel

HONG KONG (Nikkei Markets) -- Hong Kong shares edged higher on Friday after a choppy morning session, as investors awaited more details from a meeting in Washington this week between Chinese and U.S. officials on trade relations.

The Hang Seng Index was up 0.2% to 30,995.72 by the midday break after changing directions several times. Tencent Holdings rose 0.6%, extending its 3.7% rally on Thursday after it reported better-than-expected first-quarter results. PetroChina and CNOOC added 6.1% and 3%, respectively, as the benchmark Brent crude oil contract rose above $80 a barrel on Thursday for the first time since November 2014. China Petroleum & Chemical (Sinopec) climbed 3%. The three energy producers were the biggest contributors to the gauge's advance by points.

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