Closing figures for the Hang Seng Index displayed on a screen in Central on September 4, the day Chief Executive Carrie Lam formally announced the withdrawal of the extradition bill. Photo: Tory Ho
Richard Harris
Opinion

Opinion

The View by Richard Harris

What was behind the Hong Kong stock market rise ahead of Carrie Lam’s withdrawal of the extradition bill?

  • Many hours before Carrie Lam appeared on TV, and well before reports that the bill’s withdrawal was imminent, the Hang Seng Index had begun to rise
  • Did anyone trade on the information before the mainstream press reported it? It would have been magical for the market to go up on no news

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Closing figures for the Hang Seng Index displayed on a screen in Central on September 4, the day Chief Executive Carrie Lam formally announced the withdrawal of the extradition bill. Photo: Tory Ho
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Chief Executive Carrie Lam meets the media at the government headquarters in Admiralty on September 5 to explain the belated withdrawal of the extradition bill. Photo: Sam Tsang
Alice Wu
Opinion

Opinion

Alice Wu

Carrie Lam listened to 19 Hong Kong elites after ignoring millions of marchers in June – that’s why the bill withdrawal has solved nothing

  • Had Carrie Lam listened to the public on June 9, Hong Kong’s summer of discontent could have been avoided
  • Now, by showing she does value the views of a few elites, she has inflicted more pain on the city, her allies included

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Chief Executive Carrie Lam meets the media at the government headquarters in Admiralty on September 5 to explain the belated withdrawal of the extradition bill. Photo: Sam Tsang
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