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Hong Kong leader says extradition bill 'dead'

Jul. 09, 2019 4:37 AM ETiShares MSCI Hong Kong ETF (EWH), FHK, FLHKEWH, FHK, FLHKBy: Yoel Minkoff, SA News Editor
  • Addressing the weeks-long mass protests, Hong Kong leader Carrie Lam said today that the controversial extradition bill was "dead" though she didn't say whether she would withdraw the legislation.
  • The demonstrations have sent financial institutions scrambling for liquid assets, triggering interbank interest rates in the city to shoot up across the curve.
  • Hong Kong was a British colony until 1997, when it became a special administrative region of China under a 'one country, two systems" framework, but many citizens have expressed concern that their civil rights are slowly being eroded under Beijing.
  • ETFs: EWH, FHK, FLHK

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