Hong Kong stocks are surging after leader Carrie Lam looks set to withdraw the extradition bill that sparked months of protest

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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Hong Kong Chief Executive Carrie Lam privately told business group she'd quit, if she couldHong Kong Chief Exec. Lam admits she sparked 'huge havoc' that's plunged her city into political crisis not seen for more than a generation, according to taped remarks. Tape? That still exists? ......bet those greenies are gonna be even more pissy now..... 😏 so over it Hong Kong has found too much freedom for China to accept. China intends to remove Hong Kong dissidents to the mainland for a repatriation process. The world is watching.
Source: NBCNews - 🏆 10. / 86 Read more »