Australia's Sequoia Financial jumps on shunning reports of crypto loss

Sequoia Financial

24/11/2022 24:22

** Shares of investment manager Sequoia Financial Ltd
 SEQ.AX  jump as much as 5.2% to A$0.505, on track for their
biggest pct gain since Oct. 17 
    ** Co clarifies media reports over "Sequoia" suffering
losses related to cryptocurrencies and exchanges refer to an
unrelated U.S.-based company called Sequoia Capital  urn:newsml:reuters.com:*:nFWN32J1NA
    ** SEQ confirms it has no exposure to cryptocurrencies or
exchanges 
    ** Stock down 29.4% this year, as of last close, vs a 2.9%
decrease in the benchmark S&P/ASX 200 index  .AXJO  
 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))