Hong Kong stocks fall as protests hit financial center [CNN]
NEW WORLD DEV LTD S/ADR (NDVLY)
NASDAQ:AMEX Investor Relations:
nwd.com.hk/investor-relations
Company Research
Source: CNN
Hong Kong stocks fall as huge protests hit financial center The Hang Seng index ended the day 1.7% lower. Leading the sell-off were property companies like Wharf Real Estate Investment, which fell 5.4%, and New World Development, which declined 4.2%. "We're going to see a hit on the markets because the ramifications of the bill are so significant," said Richard Harris, chief executive officer of Port Shelter Investment Management. The bill, which would enable China to extradite people from Hong Kong, was due to be debated by lawmakers in a Legislative Council session on Wednesday. But that meeting was postponed after protesters hit the streets around the legislature, which shares prime waterfront real estate with many large banks and financial services companies. Critics say the bill will leave anyone in Hong Kong vulnerable to extradition by Chinese authorities for political reasons or business offenses , undermining the city's legal system. Hong Kong has long been home to foreign co
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