Hong Kong gears up for more protests this week after hundreds of thousands brave heavy rain to attend peaceful anti-Beijing rallies, marking a change from recent violence at demonstrations
Anti-extradition bill protesters march to demand democracy and political reforms, in Hong Kong, China August 18, 2019.
Hong Kong returned from British to Chinese rule in 1997 under a "one country, two systems" formula that promised wide-ranging freedoms denied to citizens in mainland China, but many in the city believe Beijing has been eroding those freedoms. Protesters spilled out from Victoria Park, the designated rally area on Hong Kong island, on Sunday and streamed onto major thoroughfares towards the city's financial centre, chanting for Beijing-backed leader Carrie Lam to step down.
US President Donald Trump hinted on Sunday that the White House would like to see Beijing resolve the protests before the world's two largest economies could reach a trade deal. Canada and the EU issued a joint statement Saturday saying the right of peaceful assembly is enshrined in basic law in Hong Kong.
Relations between both countries have been at their worst since the Tiananmen Square massacre in 1989, following Canada's arrest of a Chinese tech executive who is facing fraud charges in the US.People's Daily China has also put strong pressure on big companies, such as Cathay Pacific. Chief executive Rupert Hogg quit in a shock move last week after Beijing targeted the airline over the involvement of staff in the protests.
The Nasdaq climbed 129.38 points, or 1.7 percent, to 7,895.99. Each index still finished with a third-straight weekly decline.
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