AMTD Idea Group shares fall 1.72% intraday after announcing USD240 million investment in crypto.

Amtd Idea Group declined 1.72% in intraday trading, with the company announcing a strategic shift towards cryptocurrencies. AMTD IDEA Group, AMTD Digital, and TGE have collectively decided to allocate USD240 million into cryptocurrencies as part of their liquid fund war chest. This move indicates a significant investment in the crypto sector, which may have caused investor uncertainty or concern, leading to the stock's decline.