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Friday, October 13, 2017, 17:33
Hong Kong stocks mark time ahead of CPC congress
By Reuters
Friday, October 13, 2017, 17:33 By Reuters

Hong Kong stocks ended marginally higher on Friday and ended the week little changed as investors grew cautious ahead of 19th Community Party Congress of China.

The Hang Seng index rose 0.1 percent to 28,476.43 points, while the China Enterprises Index gained 0.2 percent to 11,519.81.

Both indexes were roughly flat for the week.

Investors were unfazed by upbeat Chinese mainland's trade data, which showed import and export growth accelerated in September, suggesting the country is still expanding at a healthy pace despite widespread forecasts of an eventual slowdown.

Sector performance was mixed, with property shares falling, but resources stocks posting solid gains.

Consumer plays were also firm.

Tsingtao Brewery Co's Hong Kong-traded shares jumped 4.3 percent despite news on Thursday that major shareholder Asahi plans to sell part of all of its stake.

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