U.S. crackdown dampens the excitement

By: Miguel A. Rodriguez

10:54, 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.

Share this article

The information presented herein is prepared by CAPEX.com/eu and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.                                                                                                                            Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience, or current financial situation.Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.