A-Share Closes with Positive Numbers, But Blockchain and Digital Currency Sector Takes a Hit
According to the news, the A-share closed with the Shanghai Composite Index at 3328.39 points, up 0.54%, the Shenzhen Composite Index at 11851.92 points, up 0….
According to the news, the A-share closed with the Shanghai Composite Index at 3328.39 points, up 0.54%, the Shenzhen Composite Index at 11851.92 points, up 0.02%, and the Shenzhen Blockchain 50 Index at 3219.55 points, down 0.14%. The blockchain sector closed down 0.46% and the digital currency sector closed down 0.96%.
A-share closing: Shenzhen Blockchain 50 Index fell 0.14%
Interpretation of the news:
The A-share has closed with positive numbers, but the blockchain and digital currency sector took a hit by closing down by 0.46% and 0.96%, respectively. The Shanghai Composite Index rose by 0.54%, reaching 3328.39 points, while the Shenzhen Composite Index increased slightly by 0.02% to 11851.92 points. However, the Shenzhen Blockchain 50 Index closed at 3219.55 points, down by 0.14%.
The A-share market, also known as the domestic Chinese stock market, is divided into two primary stock exchanges, namely the Shanghai Stock Exchange (SSE) and the Shenzhen Stock Exchange (SZSE). The Shanghai Composite Index is composed of the stocks listed on the SSE, while the Shenzhen Composite Index is composed of the stocks listed on the SZSE.
The positive performance of the A-share index signifies that China’s domestic stock market remains strong despite the ongoing coronavirus pandemic and the trade friction with the United States. However, the drop in both the blockchain and digital currency sectors indicates that they still have a long way to go before they become mainstream.
The blockchain sector in China is considered one of the most active and dynamic tech sectors, with a vast number of blockchain startups emerging in the past few years. However, the recent downward trend in the sector could be attributed to the ongoing government crackdown on cryptocurrency activity and Initial Coin Offerings (ICOs) since 2017.
Moreover, China’s central bank, the People’s Bank of China (PBOC), has been working on launching its digital yuan, which could potentially compete with other digital currencies. This might have contributed to the fall of the digital currency sector in the A-share market.
In conclusion, the positive closing numbers for the A-share index show a promising future, but the downward trend in the blockchain and digital currency sectors suggests a need for collaboration and innovation to overcome the challenges facing the sectors.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/ai/4827.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
TownStory Galaxy: A Social Web3 Game Enters the Arbitrum Nova Network
On March 8, it was reported that the Web3 game TownStory Galaxy, which focuses on social concepts, had been deployed for the first time in the Arbitrum Nova an…
-
Aztec Connect Allows Users to Redeem Funds After Euler Finance Theft
On April 28th, Aztec tweeted that users affected by the Euler Finance theft incident can now redeem funds stored in Aztec Connect.
Aztec: Users affected by the Euler Finance event -
Polkadot Continues Network Development and Expansion: “Polkadot for the First Quarter of 2023” Report
According to reports, Messari released the \”Polkadot for the first quarter of 2023\” report, which concluded that in the first quarter of 2023, Polkadot continued its path of networ
-
Mech Minds Attracting Attention with AI Concept NFTs
It is reported that Mech Minds, the AI concept NFT project, admitted to help coordinate the transaction of MechMind # 7689 NFT with 125000 ETH. Mech Minds said…
-
Understanding and Analyzing the Insights of KuCoin’s Survey on Crypto Investors
It is reported that KuCoin surveyed 577 crypto investors (including 360 men and 217 women) through KuCoin\’s community and social media from February 24 to March
-
What can n cards dig for (can n cards dig for Bitcoin)
n cards can dig what n cards can dig what n cards can dig what n cards can dig what Simply put, it means developing with the nCard plugin on a mobile phone, allowing users to freely issue the cards and tokens they want without any restrictions. And this type of product mainly includes: supporting various services such as credit card payments, smart contract wallets, and providing various application functions. In addition, NFT asset management functions can be achieved through nCard, and NFT assets can be stored on the blockchain. At present, in addition to Bitcoin, many mainstream digital currency games also choose to use nTokens as collateral to provide players with a better experience Can n cards mine BitcoinCan n cards mine Bitcoin? In China, many people believe that blockchain is the next generation of internet technology. But in fact, many people do not know or understand this industry. What they all know is that currently, most people have…
-
Understanding the Recent ETH Scam Involving Tornado Cash
According to reports, according to CertiK monitoring, the EOA address 0xbb67b8 associated with multiple fake phishing addresses has transferred 60 ETHs (approximately $125300) to T
-
What currency is cny (abbreviation for what currency is cny)
<img src='https://img.doulai.com/pic/enpic.php?k=cny What currency is it? Imgalt=cny What currency is it? Images} What currency is cny According to official information, what currency is cny? CNY is Cny’s platform currency. According to Coindesk, on January 14, 2019, Cny released a digital asset called “cypher” (cny). This token is considered a decentralized payment system and value storage tool that can provide financial services to millions of people worldwide without bank accounts. Unlike other encrypted assets, this payment system is controlled by an entity and managed through its own server According to CoinDesk, although many people are not interested in Bitcoin, there are reasons to believe that it is one of the future directions for development Abbreviation of what currency cny isAccording to Coindesk, Cny (cnex) is the abbreviation of Bitcoin, a Cryptocurrency, designed to facilitate transactions and provide value to users. According to the statement, it is linked to the US dollar, while the Fiat money is supported by international legal currencies…
-
#Dcoin and PLAY Join Forces to Enhance Global OTC Services#
On April 25th, it was announced that Dcoin and PLAY have reached an exclusive strategic partnership. PLAY is the largest acceptance institution in South Korea, and this collaborati
-
AAVE fell below $70
According to reports, the market shows that AAVE has fallen below $70 and is currently trading at $69.97, with a daily decline of 3.38%. The market is highly volatile, so please ta