Guotai Junan International Soars Another 90%, Briefly Breaks HK$7 Barrier
TradingKey – Guotai Junan International (01788.HK) extended its explosive rally on Thursday, June 26, surging nearly 90% intraday to a high of HK$7.02, before sharply pulling back to around HK$4.42 at the time of writing.
Guotai Junan International Stock Chart – Source: TradingView.
The surge follows a 198% jump the previous day, after the company received regulatory approval from the Hong Kong Securities and Futures Commission (SFC) on June 24 to offer cryptocurrency trading services, including Bitcoin (BTC), Ethereum (ETH), and stablecoins.
The approval positions Guotai Junan International as one of the first traditional brokerages in Hong Kong to enter the regulated digital asset space, drawing comparisons to U.S. platforms like Robinhood. The firm had already been active in the crypto sector, offering virtual asset ETFs, tokenized securities, and digital bond issuance prior to this milestone.
Related Articles
U.S. May PCE Preview: Tariff Inflation Effects Continue to Delay – Can the U.S. Market Ignore the Report?
TradingKey - On Friday, June 27, the U.S. will release Personal Consumption Expenditures (PCE) price index for May, widely regarded as the Federal Reserve’s preferred inflation gauge and a key reference for FOMC officials in assessing inflation trends and shaping monetary policy decisions.
Will the Strait of Hormuz Remain at Risk Despite the Iran–Israel Ceasefire?
TradingKey - On June 24, U.S. President Donald Trump announced a "temporary ceasefire" between the U.S. and Iran. However, Iran has not fully endorsed the agreement’s validity..png)
Inside Nvidia’s Investment Blueprint: Mapping the Next Empire of AI, Automation, and Infrastructure
TradingKey - Nvidia (NVDA) is no longer just the leader of GPU chips, the company is transforming into something more. As the company heads towards the much-awaited annual shareholder meet, a sharper mental picture comes as to what exactly it’s building: an empire beyond silicon.
[Reuters Analysis] Iran oil doomsday in Hormuz may be more fear than reality: Bousso
LONDON, June 22 - U.S. strikes on several Iranian nuclear sites represent a meaningful escalation of the Middle East conflict that could lead Tehran to disrupt vital exports of oil and gas from the region, sparking a surge in energy prices. But history tells us that any disruption would likely be sh
What Is the GENIUS Act, and Why Is Its Impact Comparable to a Bitcoin Spot ETF?
The GENIUS Act represents a groundbreaking federal regulatory framework for U.S. stablecoins, defining legal issuance standards, oversight responsibilities, consumer protections, and reserve requirements. While its primary objective is to advance U.S. financial interests, it will significantly sha
