Hong Kong stocks edge up
Market watch top headlines
HONG KONG, Feb 15 AFP
February 15 2013, 8:19PM
Hong Kong shares have closed 0.13 per cent higher ahead of a meeting of G20 finance ministers and central bankers in Russia.
The benchmark Hang Seng Index added 31.31 points on Friday to 23,444.56 on turnover of HK$46.67 billion ($A5.84 billion).
Trading was quiet on Thursday and Friday after the exchange was closed at the start of the week for the Lunar New Year holiday. Shanghai has been closed all week and will reopen on Monday.
Eyes are on Moscow, where finance ministers and central bankers of the Group of 20 will hold talks expected to focus on foreign exchange as Tokyo comes under attack over its monetary policy of big spending, which has pushed down the yen.
Steven Leung, director of institutional sales at UOB Kay Hian Inc, said: "Investors are waiting for China markets to reopen next week. Some are expecting new policies favourable to the country's urbanisation ahead of China's National People's Congress," which begins in early March.
Among Chinese firms China Overseas ended 1.5 per cent higher at HK$22.95, while China Resources Land rose two per cent to HK$22.40.
However, Hong Kong developers were hurt by concerns over more measures by the government to cap rising house prices in the city.
Wharf closed down 0.7 per cent at HK$68.35 and Cheung Kong was down 0.3 per cent at HK$124.10.