Shanghai stocks closed at a 10-year high on Friday, capping their best week in two months, as chip-making and artificial intelligence stocks jumped after Beijing vowed to focus on technological self-sufficiency.

In Hong Kong, the benchmark Hang Seng Index ended up 192 points, or 0.74 percent, to close at 26,160.

The Hang Seng China Enterprises Index closed 0.68 percent at 9,363 while the Hang Seng Tech Index rose 1.82 percent to 6,059.

The benchmark Shanghai Composite Index closed up 0.71 percent at 3,950, its highest level since August 2015 while the Shenzhen Component Index closed 2.02 percent higher at 13,289. The blue-chip CSI300 Index climbed 1.2 percent.

The combined turnover of these two indexes was 1.97 trillion yuan, up from 1.64 trillion yuan on Thursday.

Shares related to storage chips and semiconductors led gains while those related to coal mining and processing and gas extraction suffered major losses.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 3.57 percent to close at 3,171.

The gains came following policymakers' pledge to resolutely achieve economic targets this year.

That injected optimism into a market clouded by tariff uncertainty as Chinese and US leaders plan to meet next week in South Korea to defuse trade tensions. (Reuters/Xinhua)