S.Korean cryptocurrency-focused shares jump on Xi Jinping's remarks
28/10/2019 01:10
** Shares of South Korean firms with stakes in
cryptocurrency exchanges jump after China's President Xi Jinping
says his country should accelerate the development of blockchain
technology urn:newsml:reuters.com:*:nB9N26I02H
** Xi's remarks drove Bitcoin BTC=BTSP to hit the highest
since Sept. 19 over the weekend
** China is studying the application of blockchain and
artificial intelligence in cross-border financing with a focus
on risk management, and will further liberalise its capital
markets, a senior foreign exchange regulator says urn:newsml:reuters.com:*:nL4N27C02X
** Shares of Woori Technology Investment 041190.KQ surge
more than 10%, while Vidente 121800.KQ and Omnitel 057680.KQ
rise 5% and 3%, respectively
** The benchmark KOSPI market .KS11 and the junior KOSDAQ
market .KQ11 were trading up 0.3% each
((Hayoung.Choi@thomsonreuters.com; +82 2 6936 1468))