The ChiNext Index was up Friday as 39 of the 88 stocks at China's start-up board for small and medium-sized enterprises went down at the close.
China's stock index futures fell Friday with the contract for June, the most actively traded, down 1.08 percent from the previous trading day to end at 2,865.2 points.
Chinese shares fell at Friday's close as weak property shares eroded earlier gains on reports that Shanghai was mulling to introduce property tax.
China has the world's worst performing equity market this year and the best returns on initial public offerings.
Rubber advanced for a second day to the highest level in three weeks as a rally in crude oil and limited supplies from Thailand, the largest producer, boosted demand for the commodity used to make tires.
China's stocks rose for a second day, led by commodity producers, on speculation Europe's debt crisis will stop the government from further tightening monetary policy.
Hong Kong stocks closed up 234.92 points, or 1.22 percent, to 19,431.37 on Thursday.
The ChiNext stock was up Thursday as only three of the 88 stocks at China's start-up board for small and medium-sized enterprises went down at the close.
China's stock index futures rose Thursday with the contract for June, the most actively traded, up 2.56 percent from the previous trading day to end at 2,901.4 points.
Chinese shares closed up on Thursday with the benchmark Shanghai Composite Index edging up 1.15 percent to 2,655.92 points.
China's stocks are a buying opportunity as the government is unlikely to step up measures to slow the world's third-biggest economy at a time the European crisis is deepening, according to Morgan Stanley.
The ChiNext stock market was down Wednesday as only 27 of the 88 stocks at China's start-up board for small and medium-sized enterprises rose at the close.