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Equities

Hong Kong stocks post fifth weekly gain as rally stretches on

Country Garden, Mengniu Dairy are top performers during five-day period

HONG KONG (Nikkei Markets) -- Hong Kong shares marked their fifth straight weekly advance on Friday, as upbeat global cues and a rosy outlook helped send the benchmark equity index on a record-winning streak.

The Hang Seng Index finished the five-day period 1.9% higher after gaining 0.9% to 31,412.54 on Friday, capping a 14th straight day of gains. A string of recent record highs for Wall Street indexes and continuing inflows from Chinese investors over the trading links with the Shanghai and Shenzhen stock exchanges have kept investor spirits high. While some momentum indicators have been signaling the market may be overbought, a few analysts remain sanguine on the prospects.

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