The Hong Kong stock market has gained almost 250 points in two days, with the Hang Seng Index hovering just below 24,140 points. However, trade concerns may impact trading on Monday, as global markets were down. The Hang Seng closed higher on Friday, boosted by technology stocks and mixed performance in the property sector. Major stocks like Alibaba Group and China Life Insurance saw gains, while others like Nongfu Spring and New World Development experienced losses. Wall Street closed lower on Friday due to worries about escalating trade battles, with the Dow, NASDAQ, and S&P 500 all posting losses. Crude oil prices rose on Friday due to an upward revision in oil supply forecast and geopolitical risks in the Middle East.

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