EconomyVN - At Bitcoin Exchange in Hong Kong (China) nearly 120,000 Bitcoin was stolen, an equivalent of 72 million USD.

72 million dollars Bitcoin stolen in Hong Kong

On 4th of August, at Bitcoin exchanges in Hong Kong nearly 120,000 Bitcoins, or $ 72 million was stolen. This is the second-largest theft of virtual currency Bitcoin in history. Bitcoin value immediately dropped by nearly one quarter after this news. It is not clear whether the theft was caused by hackers.

Japanese stocks fell sharply after the economic stimulus programs of the Central Bank

Tokyo Stock Exchange fell sharply in the trading session of the early week because investors reserved with the economic stimulus programs of Japanese Government. Late last week, Central Bank of Japan announced that they will implement monetary easing by launching extended loan packages of $ 24 billion without accompanying structural reforms. Measures to support Japan's markets were disappointed after Brexit for the financial world.

Bank of England cut interest rates to record low

To deal with Brexit, on 5th of August, Bank of England cut interest rates to a record low of 0.25%. Immediately, the stock is the first field having benefit. At session close on 05/08, in London, the FTSE 100 rose 1.59%. Shares in British banks also rose to its highest level since Brexit, thanks to the stimulus package of quantitative easing.

Thong Le

Published in News
Friday, 29 July 2016 06:47

Shares in Asia show mixed performance

On Friday, Asian shares demonstrated mixed performance with traders waiting for word from the BOJ on the scope for further monetary easing.  

The Nikkei 225 soared 0.24% ahead of the latest monetary policy review by the BOJ, while the S&P/ASX index headed north 0.04%.

In China, stocks dipped even as financial experts told that the banking regulator's proposals to restrict investment in equities across wealth-management products will have rather a limited effect on money flowing into the stock market.

The Shanghai Composite Index edged down 0.14%, while in Hong Kong the Hang Seng Index last traded at 0.52%.

Overnight, American shares mostly stood still on Thursday, being in tight, range-bound trade, because a downbeat quarter from Ford Motor Company as well as ongoing drops in crude prices compensated momentum from decent results in the technology sector on the busiest day of second quarter earnings season.

The Dow Jones Industrial Average sagged 15.82, showing a 0.09% dip and hitting 18,456.35. 

FTSE 100 drops as Shell, Lloyds sag after earnings reports

Yesterday, British blue-chip shares went down as market participants absorbed a storm of corporate earnings updates with stocks of Royal Dutch Shell PLC as well as Lloyds Banking Group PLC dropping after their data.

The FTSE 100 tumbled 0.1%, being worth 6,746.48, though it had been down by more during the early trading session On Wednesday, the index closed +0.4%, hitting 6,750.43, the best outcome since last August.

The prospect of the US interest-rate hike was helping to get the London benchmark out from that 2016 peak. Late Wednesday, the Fed kept the door open for an interest-rate lift in September, stressing that near-term risks to its outlook have decreased.

Shell stocks sagged 3.2% after the crude major reported a dip in its second-quarter revenue, telling that lower crude prices still remain a serious challenge across the business, especially in the upstream. Its adjusted revenues of $1.05 billion dipped short of a $2.27 billion forecast drawn from a Wall Street Journal survey of experts. 

Bazooka

Published in Stock Markets

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