HONG KONG stocks fell as the city’s government said it will ban mask-wearing in a bid to deter protesters after months of violence.
The Hang Seng Index slipped 1.1% to close below the key 26,000 point level. Stocks pared declines as Chief Executive Carrie Lam said the new law does not mean the government has declared a state of emergency. Property developers were the biggest losers, with Sun Hung Kai Properties Ltd. dropping the most in two months. Hong Kong’s markets are closed Monday for a holiday.
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