In the Hong Kong stock market, SINOHOPE TECH surged more than 15% during trading, while Bitcoin briefly hit $53,000.
SINOHOPE TECH surged more than 15% intraday, with a 12.24% increase as of the time of publication, reaching HKD 3.21 with a trading volume of HKD 56.244 million. On the news front, the overnight U.S. bond yields fell intraday, with the two-year yield dropping more than 10 basis points from the two-month high set the previous trading day. The Invesco DB US DLR Index TR Bullish Fund hit a new low in over a week. Bitcoin surged to over $53,000 intraday, hitting a two-year high, but later dropped below $51,000. It is reported that Bitcoin has been on a continuous rise in the past four weeks leading up to February 18th. Data shows that in the past five years, after Bitcoin has risen continuously for four weeks, the average increase in the following three months is 49%. SINOHOPE TECH is known for providing virtual asset trading and technical solution services, including virtual asset lending, asset management, and over-the-counter trading platforms acting as an exchange. In the 2023 fiscal year, revenue from over-the-counter trading and lending management services amounted to HKD 2.811 billion, accounting for 99.19% of total revenue.
Zhitong App learned that SINOHOPE TECH (01611) surged more than 15% intraday, with a 12.24% increase as of the time of publication, reaching HKD 3.21, with a turnover of HKD 56.244 million.
On the news front, the overnight U.S. bond yields fell intraday, with the two-year yield dropping more than 10 basis points from the two-month high set the previous trading day. The Invesco DB US DLR Index TR Bullish Fund hit a new low in over a week. Bitcoin surged intraday to $53,000, hitting a two-year high, but later dropped below $51,000. It is reported that Bitcoin has been on a continuous rise in the past four weeks leading up to February 18th. Data shows that in the past five years, after Bitcoin has risen continuously for four weeks, the average increase in the following three months is 49%.
It is understood that SINOHOPE TECH mainly provides virtual asset trading and technical solution services, including offering virtual asset lending asset management to customers and providing over-the-counter trading platforms, acting as an exchange. In the 2023 fiscal year, revenue generated from over-the-counter trading and lending management services amounted to HKD 2.811 billion, accounting for 99.19% of total revenue.