HK stocks soar on extradition bill withdrawal reports | The Malaysian Insight

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HK stocks soar on extradition bill withdrawal reports

A protester facing off with riot police in Hong Kong yesterday. One of pro-democracy demonstrators' key demands is for the government to fully withdraw a bill that would allow extraditions to mainland China. – EPA pic, September 4, 2019.

HONG Kong’s stock market today soared after local media said the city’s embattled leader is planning to fully withdraw a loathed extradition bill, one of pro-democracy protesters’ main demands. The Hang Seng index leapt more than 3% in afternoon trade after South China Morning Post and HK01 both published reports that pro-Beijing Chief Executive Carrie Lam is planning to shelve the proposed law.

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