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Nikkei Markets

Hong Kong shares rise after Fed unleashes more easing

China Unicom leads percentage gains on Hang Seng Index after its 2019 results

HONG KONG (Nikkei Markets) -- Hong Kong shares headed higher on Tuesday amid a rebound for Asian equities and U.S. stock futures after the Federal Reserve announced more monetary policy measures to cushion the impact of the coronavirus pandemic on the economy.

The Hang Seng Index jumped 3.6% to 22,468.79 by noon following a 4.9% drop on Monday. Social media and gaming major Tencent Holdings added 3.4%, while pan-Asia insurer AIA Group rose 3.7%. China Unicom (Hong Kong) surged 11.7%, leading gains on the index, after reporting an 11% increase in 2019 profit.

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