Hang Seng Gains Nearly 2%, Bitcoin Returns to $32,000


Hong Kong stocks gained the most in the Asia-Pacific region on the trading day of July 22.

The Hang Seng Index rose 1.83% on the trading day of July 22. Photo: AFP

Hong Kong’s Hang Seng Index this afternoon closed up 1.83% to 27,723.84 points. Notably, shares of China Evergrande Group listed in Hong Kong jumped 7.87 percent after the real estate group announced it had resolved its legal disputes with Bank of China Guangfa, according to Reuters.

Mainland China stock market also closed the trading day on July 22 with the green color. The Shanghai Composite Index rose 0.34% to 3,574.73 points, while the Shenzhen Component added 0.326% to 15,262.19 points.

Elsewhere, cKorea’s Kospi index rose 1.07% to close at 3,250.21 points. And the S&P/ASX 200 index in Australia recorded a gain of 1.06% and ended the trading day with 7,386.40 points. Shares of BHP Mining Group rose 3.13% after the company announced it had signed an agreement to supply Nickel to US electric car maker Tesla.

The Japanese stock market is closed today for a holiday. Overall, the MSCI Asia-Pacific index (excluding Japan) rose 1.25%.

Bitcoin bounced back today after a slide below the $30,000 mark. Data from Coin Metrics shows, Bitcoin was trading at $32,095.86 as of 4:05 a.m. ET on July 22.

And the virtual currency Ethereum yesterday afternoon also increased by 12% – the highest level of the day – after billionaire Elon Musk, Tesla’s CEO said at the virtual currency conference “The B Word” that he owns the coin. Ethereum.

US stocks last night recorded all three major indexes gaining. The Dow Jones Industrial Average rose 286.01 points to 34,798, while the S&P 500 gained 0.82% to 4,358.69. The tech-biased Nasdaq Composite closed at 14,631.95 points, up 0.92%.

In the currency market, the US dollar index against other major currencies continued to fall to 92.758, after falling to 93. The Japanese yen slipped and traded at 110.34 JPY to 1 USD, compared with 109.5 JPY/USD recorded at the beginning of the week. On the contrary, the Australian dollar appreciated and changed hands for 1 AUD to “eat” 0.7365 USD, from 1 AUD/0.732 USD yesterday.

Oil prices traded by Asian hours this afternoon increased slightly. Brent crude oil futures futures edged up 0.12% to $72.32 per barrel while US crude futures rose 0.18% to $70.43 per barrel.