HONG KONG (Nikkei Markets) -- Hong Kong shares edged up after a choppy morning session on Wednesday as investors considered a surprise rate cut by the U.S. Federal Reserve, which failed to boost confidence and sent stocks on Wall Street lower overnight.
The Hang Seng Index added 0.1% to 26,317.56 by noon after falling as much as 0.9% earlier. China Mobile rose 1.4%, contributing most to the gauge's gains by points. London-headquartered lender HSBC Holdings fell 1.2%, while Hang Seng Bank declined 3.2%. Standard Chartered lost 2.7%.