AMTD Digital is crashing

Amid the huge popularity increase of AMTD Digital (HKD)and growth by more than 10,000% in just weeks, HKD found its peak and is now down by almost 80% from its all-time high level. Beware of higher volatility.

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AMTD Digital is crashing

Amid the huge popularity increase of AMTD Digital (HKD)and growth by more than 10,000% in just weeks, HKD found its peak and is now down by almost 80% from its all-time high level. Beware of higher volatility.

HKD stock surged by 10,000% in 2 weeks

On July 15 of this year, the HKD IPO debuted, and since then, it has had an explosive surge. In fact, since its first public offering, the stock price of AMTD Digital (NYSE: HKD) has increased by more than 10,000%.

This will be a trap

CIO of Morgan Stanley, Mike Wilson, has recently stated that the current situation in equities is far from reaching the trend lows. Most of the major indices and individual stocks saw gains after the Fed's decision this week, but Wilson is not impressed. He believes that the "bear market might be close to the end, but needs to have a final move."

Hong Kong stocks in red

The biggest monthly drop in over a year can now be seen when looking at Hong Kong stocks. This is mostly due to major losses of the biggest tech firms in the country. For instance, Tencent, internet gaming and social media giant, has posted losses of over 4.3 %. Hang Seng Tech Index, tracking major tech firms in Hong Kong, lost almost 5 %.

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Snapchat falls by 33% in one day

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More market movers

AMTD Digital is crashing

Amid the huge popularity increase of AMTD Digital (HKD)and growth by more than 10,000% in just weeks, HKD found its peak and is now down by almost 80% from its all-time high level. Beware of higher volatility.

BlackRock partnered with Coinbase

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GBP interest rates raised to 1.75%

Following the widely anticipated move by the Bank of England to raise interest rates to 1.75 percent from 1.25 percent, the British pound declined against the dollar and dropped below the $1.21 mark. This drove borrowing prices to their highest level since 2009.

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As per todays meeting, OPEC+ will add only 100 000 barrels a day of oil in September. This is the smallest quota ever in percentage terms. This could be a sign of lowering pressure on the price of oil.

HKD stock surged by 10,000% in 2 weeks

On July 15 of this year, the HKD IPO debuted, and since then, it has had an explosive surge. In fact, since its first public offering, the stock price of AMTD Digital (NYSE: HKD) has increased by more than 10,000%.

Solana wallets got hacked for $8m+

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