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Hang Seng Index seesawing after President Donald Trump signs legislation supporting Hong Kong protesters

Good day traders --

Lots of news to weigh.

US President Donald Trump signed the Hong Kong Human Rights and Democracy Act, in support of the protesters, against the threats of Beijing and at a high-stakes moment in the US-China trade talks.

China e-commerce giant Alibaba (9988 HK) is being put on a fast track and will be admitted into a broad version of Hong Kong's benchmark stock index on December 9.

And China smartphone maker Xiaomi (1810 HK) posted its slowest-ever quarterly revenue growth.

We'll keep you up on the latest moves and news in Hong Kong and mainland markets.

 

This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved.

Copyright (c) 2019. South China Morning Post Publishers Ltd. All rights reserved.