LOS ANGELES – Hong Kong stocks turned higher Friday before the release of trade data from China. The Hang Seng Index reversed course and rose 0.2% to 22,841.80, and the Hang Seng China Enterprises Index edged up 0.1%. But underperforming the market were shares of Standard Chartered PLC , which fell 1.6% in the wake of the bank's plan to shake up operations, with the integration of its wholesale banking and consumer banking businesses. Shares of banking firm HSBC Holdings PLC , however, rose 0.3%, limiting downside for the Hang Seng Index. Meanwhile, shares of Aluminum Corp. of China Ltd., or Chalco , shed 0.8% after aluminum producer Alcoa Inc.'s quarterly results missed Wall Street expectations. On the mainland, the Shanghai Composite Index rose 0.3%.
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