Hong Kong stocks closed higher on Friday, with the Hang Seng Index up 437 points, or about 1.7%, to around 25,650 after opening 302 points higher and briefly trading at an intraday high near 25,791.

Southbound funds registered a net outflow of more than HK$10 billion for the day, reversing a net inflow of HK$3.395 billion from the previous session. Mainboard turnover rose 38.9% to nearly HK$276.9 billion, while Stock Connect Southbound trading accounted for about HK$106.7 billion, or 38.5% of total turnover.

Top net purchases were led by MiniMax (00100) at HK$948 million, followed by Zhipu (02513) at HK$607 million and Kingboard Laminates (01888) at HK$164 million. Tencent (00700) was the largest net seller at HK$2.102 billion, with SMIC (00981) and Akeso (09926) next at HK$904 million and HK$832 million. Alibaba (09988) also appeared among the top net buyers at HK$138 million, while Genscript Biotech (01548) and Hua Hong Semiconductor (01347) were notable net sellers at HK$824 million and HK$753 million, respectively.