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Nikkei Markets

Hong Kong shares extend gains even as coronavirus cases rise

HKTV tumbles after announcing share placement at a sharp discount

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

The Hang Seng Index added 0.7% to 27,774.09 by noon. Among heavyweights, HSBC Holdings and AIA Group both gained 1%, while Tencent Holdings climbed 0.8%. Geely Automobile Holdings rose 2.4%, 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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