Xi Jinping’s comments spark rush for blockchain-related stocks,

   2019-10-28 21:10

BEIJING • Investors in China have snapped up every blockchain-related stock in sight after President Xi Jinping said the government wants to speed up development of the technology.
The gains were widespread yesterday, with Insigma Technology and Sinodata among more than 60 tech shares surging by the daily limit in Shanghai and Shenzhen.
The excitement coincided with a 26 per cent rally in bitcoin, and also boosted stocks with more tenuous connections to blockchain, like baby-food producer Beingm…




Original Source