Hong Kong stocks surge after extradition bill withdrawal reports

Agence France-Presse

Posted at Sep 04 2019 03:39 PM

A general view of the financial Central district in Hong Kong, China July 25, 2019.Tyrone Siu,Reuters/file

HONG KONG - Hong Kong's stock market soared Wednesday after local media reported that the city's embattled leader was planning to fully withdraw a loathed extradition bill, one of the main demands of pro-democracy protesters.

The Hang Seng index leapt more than 3 percent in afternoon trade after the South China Morning Post and HK01 both published reports that the city's pro-Beijing chief executive Carrie Lam was planning to shelve the bill.