Hong Kong shares have risen 0.11 per cent following a record close on Wall Street as investors look ahead to the release of provisional Chinese manufacturing data next week.
The benchmark Hang Seng Index on Friday added 26.33 points to 23,194.06 on turnover of $HK51.02 billion ($A7.12 billion).
The rise snapped a four-day losing streak and was helped by the US Federal Reserve's upbeat outlook on the US economy in a post-meeting statement on Wednesday.
In New York, the S&P 500 ended at an all-time high for the second straight session, helped by figures showing new claims for unemployment insurance benefits fell last week, pointing to a general downtrend in job losses.
The broad-based S&P 500 rose 0.13 per cent, while the Dow edged up 0.09 per cent although the Nasdaq dipped 0.08 per cent.
Eyes will now turn to the release on Monday of HSBC's preliminary purchasing managers index of Chinese manufacturing activity, hoping for another pick-up following a recent spell of bright figures.
Among Hong Kong stocks, Cathay Pacific Airways eased 0.14 per cent to $HK14.44, Sun Hung Kai Properties slipped 0.83 per cent to $HK107.10, CNOOC was down 0.42 per cent at $HK14.06 and HSBC shed 0.12 per cent to $HK80.80.
China Mobile gained 0.46 per cent to $HK75.85 and internet firm Tencent Holdings was unchanged at $HK115.80, while casino operator Sands China jumped 2.34 per cent to $HK54.6.
In China the benchmark Shanghai Composite Index edged up 0.15 per cent higher, adding 2.94 points, to 2,026.67 on turnover of 53.2 billion yuan ($A9.20 billion). But the index lost 2.13 per cent for the week.
The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.93 per cent, or 9.69 points, to 1,050.11 on turnover of 71.8 billion yuan ($A12.44 billion). It dropped 2.71 per cent over the week.
Investors shook off fears over a share glut as six companies began selling shares to investors this week ahead of planned listings, according to state media.
"The market has gradually digested the negative impact from the new share issues, and losses in the previous sessions offered room for a rebound," Zheshang Securities analyst Zhang Yanbing told AFP.
Bank of China gained 1.10 per cent to 2.75 yuan while China Construction Bank rose 0.73 per cent to 4.14 yuan after the central bank said the two will be allowed to handle yuan clearing business overseas.
Companies based in the southern coastal city of Xiamen were higher on hopes the city will be upgraded to a municipality directly under the central government.
Xiamen Port Development surged by its 10 per cent daily limit to 7.40 yuan in Shenzhen while Xiamen International Trade Group jumped 8.28 per cent to 5.10 yuan in Shanghai.
Among other firms Wuhan Iron & Steel added 0.50 per cent to 2.00 yuan, SAIC Motor rose 1.58 per cent to 15.47 yuan and China Southern Airlines was unchanged at 2.26 yuan.
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