HONG KONG (Nikkei Markets) -- 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 was up 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.
