By Gina Lee
Investing.com – Hong Kong markets marked a good start to the third quarter of the year, the city’s first working day under the new national security laws.
The National People’s Congress Standing Committee approved the enaction of the laws in the city on Tuesday morning, with the laws coming into effect later in the day.
The Hang Seng Index fell to 24,300 on Tuesday afternoon, but led gains in Asia on Thursday morning as it rose 1.52% by 12:34 AM RET (5:34 AM GMT).
As the city marked the 23rd anniversary of the handover from British rule to China on Wednesday, police made 370 arrests under the laws after protests broke out in Causeway Bay and Wan Chai.
Meanwhile, the CNY/USD pair slid 0.05% to 0.1415. The U.S. House of Representatives passed a bill on Wednesday to penalize banks that did business with Chinese entities involved with the laws.