Hong Kong's stocks rallied on close as Carrie Lam, chief executive of Hong Kong, is set to remove the controversial extradition bill. Thousands of protesters marched against the bill for months, as the central Chinese government wanted to allow Hong Kong's citizens to be tried in mainland China. The Hang Seng had taken a pummeling as traders had been cautious during the protests, with the market falling more than 10% since the start of the protests in July.
Hong Kong's stocks rallied on close as Carrie Lam, chief executive of Hong Kong, is set to remove the controversial extradition bill. Thousands of protesters marched against the bill for months, as the central Chinese government wanted to allow Hong Kong's citizens to be tried in mainland China. The Hang Seng had taken a pummeling as traders had been cautious during the protests, with the market falling more than 10% since the start of the protests in July.
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