April 7 Hong Kong stocks barely moved on Friday,
with strength in energy stocks offset by the confidence-sapping
news of the United States firing cruise missiles at an air base
The benchmark Hang Seng index and the Hong Kong China
Enterprises Index pared earlier losses and were roughly
flat at 24,267.30 and 10,273.80, respectively.
For the week, the Hang Seng was up 0.6 percent.
Sentiment in Hong Kong was already soft as investors awaited
the outcome of U.S. President Donald Trump's talks with his
Chinese counterpart Xi Jinping, expected to cover North Korea
and China's big trade surplus with the United States.
Linus Yip, strategist at First Shanghai Securities Ltd, said
the missile attack on Syria was the main reason for Friday's
sluggishness in Hong Kong.
"But there's no need to panic, what will come out of Trump
and Xi's meeting is more important."
Yip said sentiment would get a boost if Trump softens his
tough stance on China, which he has repeatedly blamed for
stealing American jobs and dumping exports by cheapening its
Oil firms advanced on higher oil prices. An index
tracking energy majors gained 1.6 percent at the close.
(Reporting by Jackie Cai and John Ruwitch; Editing by Shri