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Nikkei Markets

Hong Kong shares rebound on global cues while virus spreads

Geely jumps after saying it has started talks to combine businesses with Volvo

  © Reuters

HONG KONG (Nikkei Markets) -- Hong Kong shares rose for the first time in three days on Tuesday, aided by positive global cues and confidence that there was ample liquidity in the financial system, although worries over the spread of the coronavirus lingered.

The Hang Seng Index climbed 1.3% to 27,583.88. Geely Automobile Holdings jumped 5.7% after the carmaker said it is in preliminary talks with Sweden-based automaker Volvo Car AB to combine businesses that could realize synergies in cost structure and development of new technologies. Among heavyweights, Tencent Holdings added 2.1%, while China Construction Bank advanced 2.4%.

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