Australia Markets closed

Hong Kong stocks rebound on plans for extradition bill's withdrawal

Hudson Lockett in Hong Kong

Hong Kong stocks surged on Wednesday on reports that Carrie Lam, the territory's chief executive, was set to withdraw the extradition bill that had set off 12 weeks of tumult in the territory and weighed heavily on stocks listed in the territory. The benchmark Hang Seng index closed 3.9 per cent