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Hong Kong stocks extend rout as security law sparks new round of street protests

From scmp.com

Hong Kong stocks tumbled, extending the market’s biggest rout in almost five years, as thousands of demonstrators took to the street in a fresh round of protests against a proposed security law aimed at cracking down dissidents. The Hang Seng Index fell 1.3 per cent, or 294.13 points, to 22,636.01 at the open on Monday. It slumped 5.6 per cent on Friday in the biggest loss since July 2015 after Beijing unveiled the proposed law tailor-made for in the city. The Shanghai Composite Index slipped 0.2 per cent. “With more riots in the street amid the knockdown effects of Covid-19 and a possible exodus of jobs from the ... (full story)

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