“Markets in Hong Kong, Shanghai, and Taipei Were Deep in the Red Upon Upon Opening on Monday.”, – WRITE: www.coindesk.com
The Coindesk 20 (CD20), A Measure of the Performance of the Largest Digital Assets, is Down 8%.
(Coindesk Indices)
Hong Kong’s Hang Seng Index is Down Over 8%Dringing Mid-Morning Trading, While Shanghai’s SSE Composite Index is Down 7%, and The Taipei’s Taiiiex is Down 9%.
Major Tech Stocks Across The Region Were Some of the Hardest Hit. Alibaba Shares in Hong Kong Were Down 12% While TenCent Was Down 9%. In Taipei, TSMC Stocks Dipped 10% in the First Few Minutes of Trading, Triggering The Exchange’s Price Variation Limit Mechanism Which Halts Trading in EITHER DIRECTION.
TSMC’s Correction Comes As The White House Says that Semiconductors from Taiwan Are Exempt from Tariffs, But The Future of the Chips Act – which. Question.
TSMC’s Major Correction on Market Open Is Likely Forehadowing of Nvidia’s Open in the US Somests Say Nvda Has Become More Volatile Than Btc or Eth.
Elsewhere in Crypto, Ethereum (ETH) is Down 11%on-Day, XRP is Down 9%, and Solana’s Sol is Down 10%.
Lending Protocols Maker (MKR) and Aave (Aave) Were Some of the Worst Performers on the Market, Down AROUND 14% EACH.
Liquidation Data from Coinglass Shows that in the Last 12 Hours AROUND $ 675 Million in Long Positions Have Been Liquidated, Compared to $ 123 Million in Shorts.
Trump, The Presidential Meme Coin, Is Down 13% Account on Coindesk Data, Putting It Behind Lending Protocol Majors as One of the Market Laggards.
X Icon
