This risk-off reaction caused stocks of crypto related companies to tank. Japan’s Monex (8698) ended the day 10% below its open on Thursday, as did Hong Kong’s OKG Technology Holdings (1499), which runs blockchain explorer OKLink and provides custodial services for cryptocurrencies. Hong Kong-listed BC Technology Group (0863) was down 15% on Friday morning.
Source: https://www.coindesk.com/markets/2022/05/13/crypto-related-stocks-in-asia-see-volatile-trading-amid-bitcoin-recovery/?utm_medium=referral&utm_source=rss&utm_campaign=headlines