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U.S. crackdown dampens the excitement

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Miguel A. Rodriguez
Miguel A. Rodriguez
30 March 2021
Alibaba-backed Bilibili slumps in Hong Kong trading debut.
  • Bilibili Inc, which is backed by #Alibaba Group, tumbled as much as 6.8% in its Hong Kong stock debut as analysts said a U.S. regulatory crackdown on foreign firms hit enthusiasm for the Chinese online video site.
  • BTCS, a digital asset and #blockchain technology-focused company, announced its recently expanded transaction verification services operation on #Ethereum 2.0.
  • #Stocks fluctuate as investors weigh the uncertain fallout of the forced liquidation of positions held by U.S.-based hedge fund Archegos Capital.

This information/research prepared by Andreas Thalassinos does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.