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Nikkei Markets

Hong Kong shares jump as heavyweights rise after US rally

Forty-nine Hang Seng Index constituents end higher

HONG KONG (Nikkei Markets) -- Hong Kong shares logged their biggest single-day gain in a month on Thursday, tracking an overnight advance on Wall Street, even as concerns over the widespread economic impact of the coronavirus lingered.

The Hang Seng Index rose 2.1% to 26,767.87, its biggest daily gain since Feb. 6. Heavyweights AIA Group and Tencent Holdings added 3.5% and 3.1%, respectively, contributing more than a third of the gauge's gains by points. Techtronic Industries advanced 3.2% after the power tools and appliances maker reported an 11.3% increase in 2019 net profit.

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