Hong Kong stocks surge after extradition bill withdrawal reports

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The Hang Seng index leaps more than 3% in afternoon trade on Wednesday, September 4.

, in the biggest challenge to China's rule of Hong Kong since its 1997 handover from the British.

For the last 3 months both Lam and Beijing have refused to make any concessions to the protesters beyond agreeing toBut on Wednesday the first indications that some type of compromise might be offered began to emerge. One pro-establishment lawmaker who asked to remain anonymous told Agence France-Presse that their camp was being summoned to meet with Lam on Wednesday afternoon at 4 pm ahead of an expected major announcement – although the lawmaker said he did not know what the announcement would be.reported that Lam would announce a full withdrawal of the bill later in the afternoon. Local news website HK01 had similar reports.

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