Blockchain Sector Falls Along with A-Share Market

Blockchain Sector Falls Along with A-Share Market

According to the news, the A-share closed with the Shanghai Composite Index at 3245.31, down 0.72%, the Shenzhen Composite Index at 11416.57, down 0.77%, and the Shenzhen Blockchain 50 Index at 3128.74, down 1.09%. The blockchain sector closed down 1.15% and the digital currency sector closed down 1.06%.

A-share closing: Shenzhen Blockchain 50 Index fell 1.09%

Analysis based on this information:


The news reports on the performance of the A-share market and the blockchain sector, indicating that both have fallen. Specifically, the Shanghai Composite Index closed at 3245.31, down 0.72%, while the Shenzhen Composite Index closed at 11416.57, down 0.77%. In addition, the Shenzhen Blockchain 50 Index closed at 3128.74, down 1.09%, indicating a decline in the blockchain sector.

The decline in the blockchain sector is also reflected in the digital currency sector, with this sector closing down 1.06%. However, the blockchain sector has suffered a slightly larger decline at 1.15%, suggesting that blockchain may not be as resilient as digital currency.

The fact that the A-share market has declined may have contributed to the fall in the blockchain sector. Additionally, the decline in the blockchain sector may also be attributed to other factors, such as concerns over legal and regulatory issues.

It is worth noting that China has been implementing a pilot project for a digital currency, which may also have an impact on the performance of the digital currency sector.

In conclusion, the message suggests that the A-share market and the blockchain sector have both experienced a decline, with the latter experiencing a larger decline. The reasons for this decline are likely multifaceted, including the performance of the A-share market and concerns over legal and regulatory issues within the sector.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/7327/

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.