The Hong Kong stock market rebounded on Friday after a four-day winning streak, with the Hang Seng Index climbing 1.16 percent to 26,388.16. Global markets are soft due to geopolitical concerns in the Middle East. Despite the mixed performance on Wall Street, the NASDAQ surged 2.0 percent for the week. Traders are awaiting the Federal Reserve’s monetary policy announcement next Wednesday. Crude oil prices rose on Friday amid supply side disruptions in Russia-Ukraine and the Middle East conflict. Hong Kong will release Q2 industrial production and producer prices data today.

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