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Nikkei Markets

Hong Kong shares rise, but virus impact worries remain

Chow Tai Fook reports drop in January-February sales; brokerages keep 'buy'

HONG KONG (Nikkei Markets) -- Hong Kong shares headed higher 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 1.2% to 26,529.35 by noon. Heavyweights AIA Group and Tencent Holdings added 2.3% and 1.7%, respectively, contributing more than a third of the gauge's gains by points. Techtronic Industries advanced 2.9% after the power tools and appliances maker reported an 11.3% increase in 2019 net profit.

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