Hang Seng index erases losses on Friday

Source: Dukascopy Bank
After opening lower, Hong Kong's Hang Seng index managed to offset losses and finished higher on Friday, gaining 0.09% or 17.53 points and closed at 20,756.98, led by property and mining shares. Telecommunications company Hutchison Whampoa Ltd. climbed 3.3% after announcing its unit in Europe will buy Orange Austria. Agile Property Holdings Ltd. added 1.8%, while China Resources Land Ltd. gained 0.9%. Esprit Holdings rose for a second straight session, adding 2.5%. 

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