Hong Kong stocks drop as security law prompts new protests

Shares in Hong Kong fell almost 2 per cent a day after widespread demonstrations returned to the streets, as investors scrambled to figure out the implications of China’s move to impose a national security law on the city. The Asia financial hub’s benchmark Hang Seng index fell as much as 1.8 per cent on Monday morning after police fired tear gas and arrested about 180 people among the thousands who marched on Sunday to protest the new law. After months of violent anti-government demonstrations last year, the spread of coronavirus had resulted in relative political calm in 2020.

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