Understanding the Market | Cryptocurrency concept stocks rise, SINOHOPE TECH up over 12%, OKG TECH up over 9%
Cryptocurrency concept stocks rose. As of the time of publication, SINOHOPE TECH rose 12.1% to HKD 4.91; OKG TECH rose 9.43% to HKD 0.29; Boyaa Interactive rose 5.67% to HKD 5.96; Yunfeng Financial rose 5.52% to HKD 4.59. In terms of news, on October 27, Bitcoin broke through USD 115,000, rising 3.35% during the day. Other mainstream cryptocurrencies also saw an upward trend, with Ethereum's price surpassing USD 4,200, rising over 7% during the day. According to Global Times, Beisent stated in an interview with U.S. media that after a two-day meeting in Kuala Lumpur, both parties reached a "very substantive framework agreement," and the U.S. side "no longer considers" imposing a 100% tariff on China. In addition, the overall U.S. CPI in September was lower than market expectations, showing further signs of cooling inflation
According to Zhitong Finance APP, cryptocurrency concept stocks rose. As of the time of writing, SINOHOPE TECH (01611) rose by 12.1%, trading at HKD 4.91; OKG TECH (01499) rose by 9.43%, trading at HKD 0.29; Boyaa Interactive (00434) rose by 5.67%, trading at HKD 5.96; Yunfeng Financial (00376) rose by 5.52%, trading at HKD 4.59.
In terms of news, on October 27, Bitcoin broke through USD 115,000, rising 3.35% during the day. Other mainstream cryptocurrencies also saw an upward trend, with Ethereum's price surpassing USD 4,200, rising over 7% during the day. According to Global Network, Beisen Te stated in an interview with American media that after a two-day meeting in Kuala Lumpur, both parties reached a "very substantive framework agreement," and the U.S. side is "no longer considering" imposing a 100% tariff on China. In addition, the U.S. September CPI was overall lower than market expectations, showing further signs of cooling inflation
