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Update: Hong Kong Shares Soar on Withdrawal of Controversial Bill

2019年09月04日 19:13 来源于 财新网
Unrest over legislation has weighed heavily on city’s economy
Hong Kong Chief Executive Carrie Lam made the announcement in a prerecorded televised address after the markets closed Wednesday. Photo: Now TV

Hong Kong stocks rallied nearly 4% on Wednesday after news broke that the city’s leader would formally withdraw controversial legislation that had sparked three months of unrest.

The Hang Seng index surged 3.9% to 26,523.23 on news reports that Hong Kong Chief Executive Carrie Lam was going to withdraw legislation that would have allowed suspects wanted on the Chinese mainland to be extradited from the city.

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