HK Stock Market Move | GRANDSHORES(01647) once surged over 32%, with a two-day cumulative increase of 60%. Trump's victory has driven Bitcoin to a new high.

GRANDSHORES (01647) soared more than 32% at one point, with a cumulative increase of over 60% in two trading days. As of the time of writing, it has risen by 25.45% to 0.138 Hong Kong dollars, with a trading volume of 8.6157 million Hong Kong dollars. On the news front, benefiting from Trump's victory, Bitcoin has surged again, currently exceeding $75,300 per coin to set a new all-time high. Due to Trump's support for digital assets, the rise in Bitcoin is seen as the so-called "Trump trade". Trump has vowed that if he returns to the White House, he will make the United States the global capital of cryptocurrencies, establish a strategic Bitcoin reserve, and appoint regulators who love digital assets, indicating that he is the most friendly candidate to the industry. Chris Chung, CEO of Titan, a decentralized exchange aggregator, stated: "Trump's victory is widely seen as very positive for the cryptocurrency market, and it may quickly drive up the prices of various cryptocurrencies with a large deployment of capital." GRANDSHORES is a holding company primarily engaged in construction and blockchain businesses. Its blockchain division is dedicated to providing comprehensive digital asset management and other related services.