Rally in blockchain stocks starts to lose steam

Firms in sector see prices decline 1.1% on average as investors pull back

The abrupt craze for listed blockchain companies which swept the market in the previous session and sparked a surge in prices showed signs of cooling off as investors pulled back at the same time as A-share benchmark indexes ended at their lows for the day on Tuesday.

The A-share market's blockchain companies saw their prices fall on average by 1.1 percent, Shanghai-based market tracker Wind Info said. The institution likewise reported that 8.1 billion yuan ($1.1 billion) of capital flowed out of the blockchain sector during Tuesday's trading.