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Hong Kong stocks rallied Friday as the week closed out higher for consumer stocks and EV makers which investors hope will be the beneficiary of a forthcoming government stimulus.   The Hang Seng Index ended the day 2.1% higher at 17,398.73 while China’s CSI 300 Index rose 1.4% to 3,562.39.

Shares in Hong Kong and China dropped Thursday on a slew of bad economic data from the housing and financial sector. The Hang Seng Index fell 2.5% to 17,295.89 points and China’s CSI 300 index ended the day 2.1% lower at 3,533.54 points.