Shares in Hong Kong ended higher on Friday on signs of progress in Sino-US trade negotiations and as US Federal Reserve Chairman Jerome Powell reiterated that the Fed would be patient about interest rate hikes. At the close of trade, the Hang Seng index was 0.55 percent higher at 26,667.27 points. The Hang Seng China Enterprises index rose 0.58 percent to 10,454.95.

The sub-index of the Hang Seng tracking energy shares rose 0.7 percent, while the IT sector rose 0.9 percent, the financial sector ended 0.55 percent higher and the property sector rose 1.27 percent.

The top gainer on the Hang Seng was AAC Technologies Holdings Inc, which gained 5.11 percent, while the biggest loser was Sino Biopharmaceutical Ltd, which fell 3.88 percent.

Copyright Reuters, 2019