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Nikkei Markets

Hong Kong and China shares rise but virus worries linger

HKTV tumbles after announcing share placement at a sharp discount

HONG KONG (Nikkei Markets) -- Hong Kong shares rose for a second day on Wednesday, helped by gains in financial and technology heavyweights, although fears over the new coronavirus kept investors cautious.

The Hang Seng Index added 0.9% to 27,823.66. Among heavyweights, HSBC Holdings and AIA Group gained 1.2% and 1.5%, respectively, while Tencent Holdings climbed 0.5%. Geely Automobile Holdings rose 1.7%, adding to its 5.7% advance on Tuesday, after the automaker said it was in preliminary talks with Sweden-based automaker Volvo Car AB to combine their businesses.

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