Hong Kong stocks end higher, CNOOC jumps

Newswire

(Adds details, comments) By Joyce Li HONG KONG, July 29 (Reuters) - Hong Kong stocks ended 0.46 percent higher on Friday, led by oil counters such as CNOOC Ltd. on hopes that high energy prices will boost their earnings. The Hang Seng Index ended up 67.66 points to 14,880.98, but lost steam as it neared the resistance level of 14,900. Dealers said valuations of many stocks looked expensive following a recent rally. Investors also were sidelined ahead of a key set of U.S. economic ...

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