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Trading Platform Huobi to Dismantle Entity in China

Trading Platform Huobi to Dismantle Entity in China
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Digital Asset Industry s Focus on Compliance Opens New Doors to Professional Investors

Hong Kong stocks close lower as materials weaken, cryptocurrency stocks dive

HSI -0.2%, HSCE -0.6%, CSI300 +0.4% FTSE China A50 +0.6% May 24 (Reuters) - Hong Kong stocks closed lower on Monday, as materials firms slid after China stepped up intervention in the commodities market, even as cryptocurrency-related stocks dived after Beijing’s latest crackdown. The Hang Seng index fell 0.2%, to 28,412.26, while the China Enterprises Index lost 0.6%, to 10,641.40 points. Leading the declines, the Hang Seng materials index dropped 2%, with Chalco and Zijin Mining Group Co Ltd down 5.1% and 3.3%, respectively. China’s market regulators warned industrial metal companies to maintain “normal market order” during talks on the significant gains in metals prices this year, the National Development and Reform Commission (NDRC) said on Monday.

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