U.S. stocks rebounded broadly as expectations for a Federal Reserve pause on rate hikes combined with strong earnings from major tech names including Microsoft. Memory and semiconductor-related stocks led the move, and Gate said two related products on its platform posted sharp gains. According to Gate data, SanDisk (SNDK) was quoted at $1,280.40, up 26.14%, while SK Hynix (SKHY) was at $148.96, up 17.47%. As prices in both names swung sharply and moved higher, derivatives activity and open interest on Gate continued to rise. Coinglass data showed open interest in Gate’s SNDK contract at $151 million and open interest in the Gate SKHYNIX contract at $121 million. Both figures ranked second among centralized exchanges. Gate said its stock trading service now covers the three core markets of U.S., Hong Kong and South Korean equities on a 7×24 basis, with access to more than 10,000 U.S. stocks and ETFs, over 1,500 Hong Kong stocks and more than 1,000 South Korean stocks, for a combined total of more than 12,500 stock and ETF assets globally.
U.S. equities recovered broadly on expectations that the Federal Reserve may pause rate hikes, with strong earnings from tech giants including Microsoft adding support, according to Odaily. Semiconductor memory names led the rally.
Gate platform data showed SanDisk (SNDK) at $1,280.40, up 26.14%, while SK Hynix (SKHY) was quoted at $148.96, up 17.47%. Gate said the sharp price swings and gains in both names pushed up derivatives trading activity and open interest on the platform.
Open interest in two contracts ranked second among centralized exchanges
Coinglass data showed open interest in Gate’s SNDK contract reached $151 million, while open interest in the Gate SKHYNIX contract stood at $121 million. Both ranked second among centralized exchanges.
Gate expands round-the-clock access to three equity markets
Gate said its stock trading business has built a 7×24 trading service covering three core markets: U.S. stocks, Hong Kong stocks and South Korean stocks. The platform supports more than 10,000 U.S. stocks and ETFs, more than 1,500 Hong Kong stocks and more than 1,000 South Korean stocks, covering more than 12,500 stock and ETF assets in total worldwide.
The platform also supports fractional trading starting from 0.01 share and includes stock dividend entitlements. In addition, it supports cross-broker position transfers for U.S. and Hong Kong stocks, as well as corporate actions such as stock splits and reverse splits.
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