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Asian stock markets mixed after Hong Kong leader apology

2019-06-17 06:43 am | Resource: News | No Views : 58

Asian stock markets mixed after Hong Kong leader  apology

Asian markets mixed on Monday after Hong Kong leader Carrie Lam apologized for the way the region dealt with protests over the extradition bill. This legislation was suspended at the end of the week. At the same time, investors remain focused on the trade war while waiting for news on US interest rates, which will be announced by the Federal Reserve later in the week.

Hong Kong leader issues apology amid calls for resignation

Hong Kong leader Carrie Lam issued a public apology on Sunday "with the utmost sincerity and humility" amid the second wave of protests after hundreds of thousands of people gathered in the city center to urge her resignation. The official's statement came after the Beijing-based Lam already announced that the Hong Kong government had decided to suspend the bill allowing extradition to mainland China and abuse of the legal autonomy of the SAR.

The suspension of legislation was announced in an attempt to prevent further violent clashes and indicated that he intended to hear all opinions from the public on the issue. Protests, which began earlier this month, turned violent on Wednesday after police began firing tear gas and rubber bullets during the demonstration.

Asian stocks trading
  • The Nikkei 225 rose 0.56% at 7:54 CET.
  • Hong Kong's Sang Hat Index rose 0.77% at 7:56 am.
  • The Shanghai Composite Index was up 0.25% at 7:57 am CET.
  • At the same time, the Shenzhen composite index lost 0.30% at the same time.
  • The Kospi index fell 0.21% at 8:00 am CET.
  • The Australian S & P / ASX200 Index fell 0.17% at 8:00 am CET.

The dollar was steady against the yen, rising 0.04% at 8:01 CET and trading at 108.6150.


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