Stocks gained in Hong Kong at midday. The benchmark Hang Seng Index was up by 241.28 points, or, 0.92 percent at 26,371.21. Index heavyweight Tencent (0700) recovered by 1.35 percent to HK$391.20. Shares in local developers and banks overall fell with hopes that the US Federal Reserve will further cut interest rates. Hang Seng Bank (0011) also dipped by 0.2 percent at HK$162.20.

Source: The Standard March 02, 2020 04:41 UTC