Hong Kong leader Carrie Lam to formally withdraw extradition bill, says SCMP; stocks soar

[HONG KONG] Hong Kong’s embattled leader, Carrie Lam, plans to formally withdraw a controversial bill that would have allowed extraditions to China, the South China Morning Post reported on Wednesday, citing unidentified sources.

The formal withdrawal of the bill is one of the major demands of pro-democracy protesters who have demonstrated against the government for almost three months. Ms Lam has called a 4pm meeting with pro-establishment politicians, the SCMP said. Her move follows a weekend that saw some of the fiercest clashes between protesters and riot police. Demonstrators have lobbed petrol bombs and set bonfires in the streets, while police officers fired tear gas, rubber bullets and pepper spray, making more than 1,100 arrests since early June.

Hong Kong stocks soared, led by property developers, after news reports said Lam will formally withdraw the extradition bill that’s sparked months of protests. The benchmark Hang Seng Index surged as much as 3.9 per cent before paring gains to 3.1 per cent at 2:16pm local time.

Source: News Formal (newsformal.com)

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Not resigning 'my own choice': Hong Kong leader Carrie Lam clarifies comments on quittingHONG KONG: Hong Kong Chief Executive Carrie Lam on Tuesday (Sep 3) clarified comments she made in a leaked audio recording in which she said she ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Hong Kong leader Carrie Lam says she has never asked Beijing's permission to resign'I have never tendered a resignation to the central people's government,' Mrs Lam said, calling the leak 'unacceptable'.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

China says it fully supports Hong Kong leader Carrie LamBEIJING (REUTERS, AFP) - China's central government fully supports Hong Kong leader Carrie Lam and the Hong Kong government to use all lawful means to put an end to violent protests, a spokeswoman said on Tuesday (Sept 3).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Beijing says it 'firmly' supports Hong Kong leader Carrie LamBEIJING: Beijing on Tuesday (Sep 3) threw its backing behind Hong Kong leader Carrie Lam after an audio recording emerged of her saying she wanted ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Hong Kong leader Carrie Lam says she has not discussed resigning with Beijing
Source: TODAYonline - 🏆 1. / 99 Read more »

Mass arrests of Hong Kong protesters by police could backfire in long run, say academicsHONG KONG — Mass arrests of anti-government demonstrators might help reduce violence in the short-run but could backfire in the long term, two Hong Kong academics have said.
Source: TODAYonline - 🏆 1. / 99 Read more »