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Hong Kong stocks opened lower, with the Hang Seng Index down 0.64% and the Hang Seng Tech Index down 0.42%. Mainland property and banking sectors led the gains, while gold stocks fell sharply. Meituan (03690.HK) rose 2.52% after its earnings report, and Beike (02423.HK) rose more than 4%.The yield on Japans 5-year government bond rose 2.5 basis points to 2.210%.On August 31, U.S. Treasury Secretary Bessant stated that he expects Bank of Japan Governor Kazuo Ueda to "do the right thing" regarding monetary policy. When asked whether the Bank of Japan should consider raising interest rates consecutively to address the weak yen, Bessant said, "Im not going to tell them what to do. What I would say is that I do think we may have reached the end of Abenomics. Abenomics is a policy aimed at driving reflation." Bessant is expected to meet with Ueda on Monday during a two-day meeting of G20 finance ministers and central bank governors in Asheville, North Carolina. Bessant made these remarks as the yen fell below 160 against the dollar, the first time since Japan intervened in the currency market a month ago to support the yen. The United States also participated in this intervention, marking the first time since 1998 that the U.S. and Japan have taken coordinated action to support the yen.On August 31, local time, the U.S. Central Command stated that the U.S. military had taken "limited and precise" action against Iranian Islamic Revolutionary Guard Corps mine-laying forces that posed an "imminent threat" in the Strait of Hormuz. The U.S. stated that Iran created the threat, and the U.S. military action was taken to protect the free passage of civilian seafarers, commercial shipping, and global trade.Hang Seng Index futures opened down 0.58% at 25,366 points, a discount of 213 points.

New FTX chief says bankrupt crypto exchange could restart

Skylar Shaw

Jan 20, 2023 11:43

According to Chief Executive Officer John Ray, the bankrupt cryptocurrency exchange FTX is considering ways to resurrect its operations. He made the announcement to the Wall Street Journal on Thursday.


According to Ray, who took over the company's leadership in November, a task group has been established to look at reviving FTX.com, the organization's primary international exchange.


The CEO also said in an interview with the Journal that he would research if resurrecting FTX's international exchange would generate more value for the company's clients than his team could get by simply selling the platform or liquidating its assets.


Following the news, FTT, the native token of FTX, increased by around 30%.


I'm relieved Mr. Ray is now only pledging to restart the exchange after months of blocking such attempts! Sam Bankman-Fried, the founder and former CEO of FTX, said in a tweet.


Bankman-Fried said, "I'm still waiting for him to eventually acknowledge FTX US is solvent and return clients' money.


An inquiry for comment from Reuters was not immediately answered by an attorney representing FTX.


Bankman-Fried is accused of robbing the exchange's users of billions of dollars to settle debts accrued by his cryptocurrency-focused hedge fund, Alameda Research. He's denied the allegations of fraud.


Customer money' future, however, is still unknown. In a note to creditors earlier this week, FTX said that since declaring bankruptcy in November, hackers had stolen nearly $415 million in cryptocurrency from its worldwide and American exchanges.


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