Hong Kong stocks surge on withdrawal of law that sparked protests

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 99%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Hong Kong stocks surged Wednesday as the government withdrew a proposed extradition law that sparked three months of protests in the Chinese territory.

Hong Kong's benchmark Hang Seng index jumped 3.9% on news of plans for the withdrawal, which Chief Executive Carrie Lam confirmed after markets closed. The protests have disrupted travel, adding to pressure from weakening global trade.

The Shanghai Composite Index gained 0.9% to 2,957.41 and Tokyo's Nikkei 225 advanced 0.1% to 20,649.76. The Hang Seng rose to 26,523.23. Seoul's Kospi rose 1.2% to 1,988.53 and Sydney's S&P-ASX 200 lost 0.3% to 6,553.00. India's Sensex gained 0.3% to 36,669.76.On Wall Street, futures for the S&P 500 index and the Dow Jones Industrial Average rose 0.9%.

"This is perhaps one of the stronger signs that the U.S. is likewise feeling the weight from the on-going uncertainties alongside the world," said Jingyi Pan of IG in a report.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 1. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker