Hong Kong shares jump 4% on reports extradition bill set to be withdrawn

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Hong Kong shares jump 4% on reports extradition bill set to be withdrawn
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Hong Kong's main stock benchmark surged more than 4% on Wednesday af...

surged more than 4% on Wednesday afternoon after media reported the government was set to formally withdraw the proposed extradition bill that sparked three months of protests in the former British colony.

FILE PHOTO: Hong Kong Chief Executive Carrie Lam speaks to media over an extradition bill in Hong Kong, China July 9, 2019. REUTERS/Tyrone Siu/File Photo A government source confirmed to Reuters the media reports saying Hong Kong Chief Executive Carrie Lam will officially withdraw the bill later on Wednesday.The Hang Seng rose 4%, outpacing the 1.6% gains in Asia ex-Japan .MIAPJ0000PUS and 0.9% rise in Shanghai shares

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