According to Reuters, protesters in Hong Kong blocked roads and forced workers to leave the justice secretary’s offices on Thursday in the latest unrest to rock the city over an extradition bill that has now been suspended.
Police chief Stephen Lo warned of consequences for outbreaks of violence and condemned what he said was an environment of hostility making his officers’ task difficult.
For many who were critical of the Chinese government, Hong Kong was a convenient place to be. But according to CNN, that bolthole is quickly closing, as China says that they can now be arrested there, even if only transferring through the airport. First under British colonial rule and then after its handover to China, Hong Kong has offered legal protection from the mainland Communist Party for decades.
Equity benchmark indices continued their upward momentum on Friday but the gains in IT and realty sectors were capped by PSU banks. At the closing bell, the BSE SandP Sensex was up by 178 points or 0.5 per cent at 36,021 while the Nifty 50 edged higher by 56 points or 0.53 per cent at 10,607. Sectoral indices at the National Stock Exchange were mixed with Nifty IT and realty gaining by 1 per cent each but PSU bank down by 0.9 per cent. Among stocks, Eicher Motors was up by 4.18 per cent at Rs 19,121 per share while Hero MotoCorp accelerated by 2.6 per cent, Bajaj Auto by 1.9 per cent and Tata Motors by 1.8 per cent. Adani Ports closed 4.1 per cent higher at Rs 361 per share. Tata Consultancy Services gained by 1.7 per cent while Bharti Airtel and Bharti Infratel were up by 4 per cent and 1.8 per cent respectively. Reliance Industries edged higher by 1.53 per cent to Rs 1,785.50 per share after Intel Corp said it will invest Rs 1,894 crore in Jio Platforms in exchange for a 0.39 per cent stake, the latest big-ticket investment in its digital unit. But metal stocks fell with JSW Steel and Tata Steel down by 1.7 per cent each and Hindalco by 1 per cent. IndusInd Bank, HDFC Bank, Bajaj Finance and Bajaj Finserv too traded with a negative bias. Meanwhile, Asian shares rallied to a four-month high on robust US payrolls data and a brisk pickup in Chinese service sector activity. Shanghai Composite closed 2.01 per cent higher. Japan's Nikkei rose by 0.72 per cent while Hong Kong's Hang Seng was up by 0.99 per cent.
Hong Kong pro-democracy activists are discussing a plan to create an unofficial parliament-in-exile to keep the flame of freedom alive and send a message to China that freedom cannot be crushed, campaigner Simon Cheng told Reuters on Thursday (July 2). Soraya Ali reports.
Australian Prime Minister Scott Morrison attended first ever 'India-Australia Virtual Summit' with Prime Minister Narendra Modi. During the interaction, PM Modi laughed as PM Morrison said, "It doesn't surprise me, this is how (virtually) we'd continue to meet in these circumstances. You are the one who started hologram in your campaigning many years ago, maybe next time we can have a hologram of you here." PM Morrison further said, "I thank you for your leadership not just within India but broadly throughout G20, Indo-Pacific and the stabilizing, constructive and very positive role that you have played in these very difficult times".
Union Commerce and Industry Minister Piyush Goyal attended a video conference meeting of commerce ministers of G-20 countries on May 14. The meeting focused on the ways to promote trade and cooperation among the G20 countries. International trade has been hit hard by the coronavirus-induced lockdowns in most of the countries.
Hong Kong activists held protests in Admiralty district on June 28 designed to coincide with the G20 summit in Osaka, Japan. They held up placards that included the phrase: “Free Hong Kong, Democracy..