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Stock impact report

What the suspension of Hong Kong's extradition bill means for the city and its leader [CNBC]

Comcast Corporation - Class A (CMCSA) 
Last comcast corporation - class a earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: cmcsa.com/investors
Company Research Source: CNBC
After days of protests, the Hong Kong government suspended a proposed extradition bill on the weekend — a move that surprised some China watchers. The proposed legislation would have allowed fugitives to be handed over to Beijing, fueling concerns that Hong Kong's legal system may be compromised by closer judicial ties with China. Despite the suspension, protesters turned up in force demanding the resignation of the city's Chief Executive Carrie Lam . "This is a victory for the protesters, without question," said Duncan Innes-Ker, Asia regional director at the Economist Intelligence Unit, after the proposal was put on hold indefinitely — though not completely scrapped. "However, in broader terms, the (Chinese) central government is unlikely to back off from its ongoing efforts to tighten political controls over Hong Kong," Innes-Ker added. He questioned Lam's future as the leader of the territory, and criticized her "poorly judged statements during the demonstrations" that "only serve Show less Read more
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