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Nikkei Markets

Hong Kong shares flat as investors watch coronavirus developments

HSBC rises after naming Noel Quinn as permanent CEO

HONG KONG (Nikkei Markets) -- Hong Kong shares were little changed after a choppy morning session on Wednesday, as investors kept watch on the unfolding economic impact of the new coronavirus across the world.

The Hang Seng Index added less than 0.1% to 23,281.59 after changing directions at least five times and is on course to end higher for a second day after a 9.2% four-day sell-off. HSBC Holdings added 2.8%, contributing most to the index's gains by points. The London-headquartered lender on Wednesday named Noel Quinn as permanent group chief executive officer. Quinn has been interim head of the Asia-focused bank since August, following the exit of predecessor John Flint.

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