HK Stock Market Move | Cryptocurrency concept stocks rise: SINOHOPE TECH (01611) up more than 12%, OKG TECH (01499) up more than 9%
Concept stocks related to cryptocurrency are rising. As of the time of writing, New Fire Technology Holdings (01611) surged by 12.1% to HKD 4.91, while Euro Chain Cloud (01499) rose by 9.43% to HKD 0.29.
Concept stocks of cryptocurrencies are rising. As of the time of writing, SINOHOPE TECH (01611) is up 12.1% at HK$4.91; OKG TECH (01499) is up 9.43% at HK$0.29; BOYAA (00434) is up 5.67% at HK$5.96; YUNFENG FIN (00376) is up 5.52% at HK$4.59.
On the news front, on October 27th, Bitcoin rose above $115,000, up 3.35% on the day. Other mainstream cryptocurrencies also saw an uptrend, with Ethereum surpassing $4,200, up over 7% on the day. According to Global Times, Benson said in an interview with American media that after a two-day meeting in Kuala Lumpur, the two sides reached a "very substantive framework agreement," and the US side "no longer considers" imposing 100% tariffs on China. In addition, the overall US CPI for September was lower than market expectations, signaling further cooling of inflation.
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