Asian Cryptocurrency Stocks Drop on Fallout From Terra Collapse
- ‘Very nervous time in crypto markets,’ Oanda’s Moya says
- BC Technology falls 7.5% in Hong Kong, Japan’s Monex down 8.6%
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Asian shares related to cryptocurrencies declined after the collapse of the TerraUSD stablecoin triggered a stampede out of many of the digital-asset market’s most popular tokens.
Hong Kong-listed BC Technology Group Ltd. tumbled as much as 7.5%, on track for its lowest close in over four years. Japan’s Monex Group Inc., which owns the TradeStation and Coincheck marketplaces, slid as much as 8.6% while South Korea’s Woori Technology Investment Co. dropped 6.6%.