Hong Kong stocks ended the week on a high note as major indexes returned to the green on Friday, paring losses from a day earlier.

The Hang Seng Index gained 301.84 points, or 1.16%, to 26,388.16, while the Hang Seng China Enterprises Index rose 104.69 points, or 1.13%, to 9,364.94.

Hong Kong's property market has put its bad days behind as the city's real estate sector is expected to return to peak form, provided the Chinese economy does well, the South China Morning Post reported citing a JPMorgan researcher.

According to Karl Chan, head of Hong Kong property research at the US investment bank, investors are likely to buy distressed assets in the coming months and home prices could rebound in 2026.

In corporate news, Hesai Group (HKG:2525) priced its Hong Kong initial public offering at HK$212.80 per share, below the previously announced indicative price of HK$228.00.

Elsewhere, Ascletis Pharma (HKG:1672) said its controlling shareholders Jinzi Jason Wu and Judy Hejingdao Wu voluntarily agreed to lock up their shares until an expected clinical data readout of its drugs later this year.

Shares fell over 2%.