Hong Kong stocks pulled back Friday as investors remained cautious ahead of a pivotal weekend that could shape the near-term outlook for the Middle East conflict.
The Hang Seng Index fell 233.93 points, or 0.9%, to close at 26,160.33, while the Hang Seng China Enterprises Index dropped 60.09 points, or 0.7%, to 8,845.02.
U.S. President Donald Trump said a deal to end the Iran conflict appeared increasingly likely, and that talks between Washington and Tehran could resume over the weekend.
He added that a two-week ceasefire could be extended, though it may not be necessary as Iran was seeking a deal.
Elsewhere, Israel and Lebanon agreed to start a 10-day ceasefire after talks facilitated by Washington earlier in the week.
In corporate news, two companies made their debut on the Hong Kong bourse.
Gpixel Changchun Microelectronics (HKG:3277) closed nearly 76% higher at HK$70, compared with the initial public offering price of HK$39.88.
Manycore Tech (HKG:0068) advanced 144% to end at HK$18.60, versus the IPO price of HK$7.62.