Hong Kong's Hang Seng index traded almost flat on Friday as early losses were erased by investor hopes for soon monetary easing from POBC. Hang Seng index added 0.07% or 15.63 points and closed at 21,010.64. AIA Group gained 0.35% after insurer posted a 27% improvement in the value of its new business during the 1st quarter. On the downside Bank of Communications dropped 0.5% and Hong Kong Exchanges & Clearing fell 0.9%. Oil producer Cnooc lost 0.6%.