South-East Asia stocks rise on cautious US response to Hong Kong law

Trump's announcement, which was widely feared for its effect on Sino-US relations, stopped short of calling for an immediate end to Hong Kong's privileges, though he warned of starting the process of ending its special status under US law.

An official survey from China, which showed increased momentum in its services and construction sectors in May, also boosted investor sentiment. Leading the pack, Singaporean stocks climbed up to 1.8%, with big-cap conglomerates Jardine Matheson Holdings Ltd and Jardine Cycle & Carriage Ltd gaining over 2% each.

The local benchmark added as much as 1.2% and hit its highest since March 6, with the financial sector as its top gainer.

India's toll of coronavirus cases reached 190,535, as 8,392 new cases in 24 hours..

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Global stocks rebound on relief at Trump's response to China over Hong Kong | Malay MailNEW YORK, May 30 ― A gauge of global equities rebounded and crude oil rose yesterday after US President Donald Trump ordered an end to Washington's special treatment of Hong Kong, a move investors welcomed as unlikely to jeopardise a trade accord with China. Trump said China broke its word over...
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