Hong Kong withdraw a contentious extradition bill that has sparked months of mass protests.

Posted on September 4, 2019

Tensions in Hong Kong between the government and protesters eased after the withdrawal of a controversial bill. Withdrawal is seen as a positive because protest escalation was seen as a potential disruptor to the global economy. Some investors feared the protests could hinder U.S.-China trade talks.

The Dow was up more than 200 points, while the S&P 500 gained 1% and the Nasdaq advanced 1.1%.