HONG KONG Aug 22 Hong Kong shares rose on
Friday, tracking gains in the U.S. after upbeat economic data
sparked a record close on Wall Street.
The Hang Seng Index closed up 0.5 percent at
25,112.23 points. It gained 0.6 percent this week.
The China Enterprises Index of the top Chinese
listings in Hong Kong slipped 0.4 percent for the week, despite
a rise of 1.1 percent on Friday.
Among top index boosts, China Petroleum & Chemical Corp
climbed 1.6 percent. It plans a $1.5 billion Hong Kong
initial public offering for its oilfield services unit in the
first half of 2015, people familiar with the matter told
Top percentage losers on the Hang Seng fell on
disappointing earnings. China Resources Enterprise
sank 5.6 percent, following Thursday's drop of 2.9 percent,
after posting an 8.7 percent decline in first-half net profit.
Li & Fung slid 4.6 percent to a 7-week low after
the global sourcing group posted weaker-than-expected core
operating profit for the first half.
(Reporting by Grace Li; Editing by Richard Borsuk)