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ASIA MARKETS: Hong Kong Shares Rise After Pullback In US Bond Yields

By Amy Lam
Nikkei Markets
HONG KONG (Feb 26) -- Hong Kong shares headed higher on Monday after stocks on Wall Street rose on Friday amid easing U.S. Treasury yields.

The Hang Seng Index added 0.6% to 31,459.15 by midday. Geely Automobile Holdings jumped 8.4%, the top gainer on the main index, after Geely Group said it had bought a 9.7% stake in Daimler, becoming the German automaker's largest shareholder. Geely Group is managed by Geely Automobile's controlling shareholder Zhejiang Geely Holding Group.

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