China's parliament said it will introduce a proposal on Friday for a national security law in Hong Kong at its annual session, in a move the US warned would 'highly destabilising' for the financial hub.
Subway operator MTR Corp, which was battered during the protests as its stations were targeted by demonstrators, dived 8.8%.
Lawmaker Tanya Chan said Beijing had"shown zero respect for Hong Kong people" by attempting to enact the law without consultation.Chris Patten, Hong Kong's final British governor before the 1997 handover, said the proposal signalled a"comprehensive assault on the city's autonomy" and would be"hugely damaging".
"#HongKong has been the safe harbour for dissent; it's the light, the conscience, the voice that speaks truth to an increasingly powerful China," she tweeted. US senators on Thursday also introduced legislation to impose sanctions on any entity involved in curbing Hong Kong's autonomy.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong shares fall as China prepares new security lawsHang Seng drops to a seven-week low on fears US-China confrontations will increase
Read more »
China parliament eyes Hong Kong national security law after unrestPro-democracy lawmaker Tanya Chan said Beijing had 'shown zero respect for Hong Kong people' by attempting to enact the law without consultation.
Read more »
Outrage in Hong Kong as China pushes security lawThe Communist Party made clear on Friday that the planned law was aimed at quashing the democracy movement.
Read more »
World stocks fall as US-China tensions rise over Hong KongChina dropping its annual growth target added to concern about the fallout from the Covid-19 pandemic, boosting demand for safe-haven assets
Read more »
MARKET WRAP: JSE weaker amid Beijing’s Hong Kong plans and US-China tensionThe rand, which firmed to its best level in almost two months following a repo rate cut, gave back some of those gains on the day
Read more »
JSE slips as Beijing plans to tighten grip on Hong KongBeijing’s dramatic plans to tighten its grip on Hong Kong spurred outrage in the city and abroad
Read more »