Hong Kong Stock Market News | BC Technology Group falls more than 9%, market concerns that spot ETFs may be difficult to approve in the short term, Bitcoin prices plummet.
BC Technology Group is currently down more than 9%. As of the time of writing, it has dropped 8.55% to HKD 11.34, with a turnover of HKD 17.06 million. On the news front, Matrixport, a cryptocurrency financial services company, released a report stating that the possibility of a Bitcoin spot ETF being approved in the short term is slim due to the strict requirements of the U.S. Securities and Exchange Commission (SEC). This reflects the market's concerns about future regulatory tightening. The report has caused market fluctuations, with Bitcoin falling below $41,000 from $45,000. In addition, the minutes of the Federal Reserve meeting showed that Fed officials believe that policy will remain restrictive for a period of time. Officials believe that policy rates may be at or near their peak. Several participants indicated that the duration of the peak in interest rates may be longer than expected. Participants pointed out that an overly restrictive stance poses downside risks to the economy. Many participants expressed concerns that a loose financial environment could bring challenges. Participants believe that the upward risks to inflation have diminished. Officials discussed when to signal adjustments to the balance sheet policy.
Zhitong App learned that BC Technology Group (00863) is currently down more than 9%, as of the time of writing, it has dropped 8.55% to HKD 11.34, with a turnover of HKD 17.06 million.
On the news front, Matrixport, a cryptocurrency financial services company, released a report stating that the possibility of a Bitcoin spot ETF being approved in the short term is slim due to the strict requirements of the U.S. Securities and Exchange Commission (SEC). This reflects the market's concerns about future regulatory tightening. The report caused market fluctuations, with Bitcoin falling below $41,000 from $45,000.
In addition, the minutes of the Federal Reserve meeting showed that Fed officials believe that policy will remain restrictive for some time. Officials believe that policy rates may be at or near their peak. Several participants indicated that the duration of the peak interest rates may be longer than expected. Participants pointed out that an overly restrictive stance poses downside risks to the economy. Many participants expressed concerns that a loose financial environment could bring challenges. Participants believe that the upward risks to inflation have diminished. Officials discussed when to signal adjustments to the balance sheet policy.