HASHKEY HLDGS (03887.HK) Sees 2.7% Decline, Trading at $6.5 at Midday
HASHKEY HLDGS Debut: HASHKEY HLDGS (03887.HK) opened at $6.7, slightly above its listing price of $6.68, but closed midday at $6.5, reflecting a 2.7% decline.
Stock Performance: The stock experienced a peak of $7.12 and a low of $6.12 during the trading session, with a total volume of 76.94 million shares traded and a turnover of $521.87 million.
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Bitcoin Falls Below $76,000, Down 40% from Its Peak; OSL GROUP Drops Over 4%
Trump's Fed Chairman Recommendation: President Donald Trump has recommended Kevin Warsh as the new Fed Chairman, with the appointment expected to take effect in mid-May, as the market closely monitors interest rate trends.
Bitcoin's Decline: Bitcoin has fallen below USD76,000, marking a 40% drop from its peak last year, with a recent 1% decrease bringing it to USD77,714, while Ethereum also experienced a 5.6% decline.
Monthly Decline for Bitcoin: January saw Bitcoin drop over 10%, resulting in its fourth consecutive monthly decline, the longest losing streak since 2018.
Subdued Hong Kong Crypto Stocks: Hong Kong's crypto-related stocks have shown weakness, with several companies experiencing significant declines and notable short selling activity.
HASHKEY HLDGS (03887.HK) Shares Decrease by 0.1% to $6.67 at Close
HASHKEY HLDGS Debut Performance: HASHKEY HLDGS (03887.HK) opened at $6.7, slightly above its listing price of $6.68, and closed at $6.67, reflecting a minor decline of 0.1%.
Trading Activity: The stock experienced a trading volume of 98.92 million shares and a turnover of $665.57 million, with a peak price of $7.12 and a low of $6.12 during the day.
HASHKEY HLDGS (03887.HK) Sees 2.7% Decline, Trading at $6.5 at Midday
HASHKEY HLDGS Debut: HASHKEY HLDGS (03887.HK) opened at $6.7, slightly above its listing price of $6.68, but closed midday at $6.5, reflecting a 2.7% decline.
Stock Performance: The stock experienced a peak of $7.12 and a low of $6.12 during the trading session, with a total volume of 76.94 million shares traded and a turnover of $521.87 million.
HASHKEY HLDGS Commits to Licensed Compliance Standards; Profit Not the Primary Focus
Listing Debut: HASHKEY HLDGS made its listing debut on October 17, 2023, with Chairman Xiao Feng emphasizing the company's strategy to use Hong Kong as a base for expansion into Asian and international markets.
Regulatory Compliance: The company has obtained 13 licenses across 6 jurisdictions and is committed to maintaining a licensed, compliant, and regulated operation.
Investment Phase: Feng highlighted that HASHKEY HLDGS is currently in the investment phase, focusing on cash flow as a key indicator of success rather than immediate profitability.
Long-term Development: The emphasis on cash flow is intended to support long-term development and capitalize on opportunities for rapid market growth.
HASHKEY HLDGS (03887.HK) Begins Trading with a 0.3% Increase at $6.7 on First Day
Stock Performance: HASHKEY HLDGS closed at $6.61, down 1.0% from its listing price of $6.68, while opening at $6.7 on its debut, reflecting a slight increase of 0.3%.
Trading Activity: At market open, 28.02 million shares of HASHKEY HLDGS were traded.
Bitcoin Falls Below $76,000, Down 40% from Its Peak; OSL GROUP Drops Over 4%
Trump's Fed Chairman Recommendation: President Donald Trump has recommended Kevin Warsh as the new Fed Chairman, with the appointment expected to take effect in mid-May, as the market closely monitors interest rate trends.
Bitcoin's Decline: Bitcoin has fallen below USD76,000, marking a 40% drop from its peak last year, with a recent 1% decrease bringing it to USD77,714, while Ethereum also experienced a 5.6% decline.
Monthly Decline for Bitcoin: January saw Bitcoin drop over 10%, resulting in its fourth consecutive monthly decline, the longest losing streak since 2018.
Subdued Hong Kong Crypto Stocks: Hong Kong's crypto-related stocks have shown weakness, with several companies experiencing significant declines and notable short selling activity.
HASHKEY HLDGS (03887.HK) Shares Decrease by 0.1% to $6.67 at Close
HASHKEY HLDGS Debut Performance: HASHKEY HLDGS (03887.HK) opened at $6.7, slightly above its listing price of $6.68, and closed at $6.67, reflecting a minor decline of 0.1%.
Trading Activity: The stock experienced a trading volume of 98.92 million shares and a turnover of $665.57 million, with a peak price of $7.12 and a low of $6.12 during the day.
HASHKEY HLDGS (03887.HK) Sees 2.7% Decline, Trading at $6.5 at Midday
HASHKEY HLDGS Debut: HASHKEY HLDGS (03887.HK) opened at $6.7, slightly above its listing price of $6.68, but closed midday at $6.5, reflecting a 2.7% decline.
Stock Performance: The stock experienced a peak of $7.12 and a low of $6.12 during the trading session, with a total volume of 76.94 million shares traded and a turnover of $521.87 million.
HASHKEY HLDGS Commits to Licensed Compliance Standards; Profit Not the Primary Focus
Listing Debut: HASHKEY HLDGS made its listing debut on October 17, 2023, with Chairman Xiao Feng emphasizing the company's strategy to use Hong Kong as a base for expansion into Asian and international markets.
Regulatory Compliance: The company has obtained 13 licenses across 6 jurisdictions and is committed to maintaining a licensed, compliant, and regulated operation.
Investment Phase: Feng highlighted that HASHKEY HLDGS is currently in the investment phase, focusing on cash flow as a key indicator of success rather than immediate profitability.
Long-term Development: The emphasis on cash flow is intended to support long-term development and capitalize on opportunities for rapid market growth.
HASHKEY HLDGS (03887.HK) Begins Trading with a 0.3% Increase at $6.7 on First Day
Stock Performance: HASHKEY HLDGS closed at $6.61, down 1.0% from its listing price of $6.68, while opening at $6.7 on its debut, reflecting a slight increase of 0.3%.
Trading Activity: At market open, 28.02 million shares of HASHKEY HLDGS were traded.
