Most Jardine-linked stocks soar on extradition Bill withdrawal

Dairy Farm, however, dipped 0.1 per cent, or one US cent, to close at US$6.96.

Just last month, Morgan Stanley and DBS Group Research both issued a"buy" recommendation on Hongkong Land, with a 12-month price target of US$7 and US$7.70 respectively. Among other things, the analysts noted in their August report that the firm's Central office demand has started deteriorating, without signs of turnaround in the second half of 2019.

Hong Kong's latest decision means that the government is acceding to one of five key demands of pro-democracy protesters who have taken to the streets in millions, in demonstrations that have become increasingly violent.

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Hong Kong stocks surge after extradition bill withdrawal reportsHong Kong's stock market soared Wednesday after local media reported that the city's embattled leader is planning to fully withdraw a loathed extradition bill, one of the main demands of pro-democracy protesters. The Hang Seng index leapt more than three percent in afternoon trade after the
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Hong Kong leader Carrie Lam to formally withdraw extradition bill, says SCMP; stocks soar[HONG KONG] Hong Kong’s embattled leader, Carrie Lam, plans to formally withdraw a controversial bill that would have allowed extraditions to China, the South China Morning Post reported on Wednesday, citing unidentified sources. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »