ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Nikkei Markets

Hong Kong stocks rise in choppy trade as Tencent and AIA gain

Investors cautious after US pulls out of Iran nuclear pact; oil shares advance

HONG KONG (Nikkei Markets) -- Hong Kong shares were higher after a choppy morning session on Wednesday, with investor confidence weighed by uncertainty after President Donald Trump said the U.S. will withdraw from a nuclear deal with Iran. Energy producers and some market heavyweights paced gains.

The Hang Seng Index was up 0.4% to 30,525.19 by the noon lunch break after changing direction at least six times earlier in the day. Tencent Holdings climbed 1.2%, building on Tuesday's 2.8% advance in the lead-up to its first-quarter results, which are due next week. AIA Group added 0.8%. The life and medical insurer is part of a group of investors pumping $500 million into Tencent-backed We Doctor Holdings under a long-term strategic partnership. We Doctor said the funding round marked the largest pre-initial public offering fundraising in China's technology-based medical and healthcare sector.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more