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Nikkei Markets

Hong Kong shares climb on hopes for China policy support

China Life Insurance and New China Life rise after January premium data

The Hong Kong stock exchange's flag

HONG KONG (Nikkei Markets) -- Hong Kong shares headed higher on Wednesday, paced by mainland-China heavyweights listed in the city, on lingering hopes for policy support from authorities in Beijing to mitigate the economic impact from the coronavirus outbreak.

The Hang Seng Index added 0.4% to 27,651.41 by noon. Among heavyweights, China Construction Bank rose 1.7%, while Tencent Holdings climbed 0.9%. HSBC Holdings slipped 1%, extending Tuesday's 2.8% drop, after the London-headquartered lender reported a decline in 2019 profit, flagged job cuts and signaled the coronavirus outbreak was muddying its outlook.

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