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Nikkei Markets

Hong Kong shares rise with solid volumes, while coronavirus spreads

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

HONG KONG (Nikkei Markets) -- Hong Kong shares advanced on Tuesday, aided by overnight gains on Wall Street and ample liquidity in the financial system, although worries over the spread of the coronavirus lingered.

The Hang Seng Index rose 1.3% to 27,583.02 by noon. Geely Automobile Holdings jumped 6.1% 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 1.7%, while China Construction Bank rose 2.4%.

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