The Australian Open tennis tournament has been overshadowed by protests for a second time this year after Tennis Australia ejected two spectators for wearing T-shirts in support of Chinese player Peng Shuai.

Video footage of security officials and police ejecting the two protesters, who had a banner and T-shirts emblazoned with the Chinese player’s face and the phrase: “Where is Peng Shuai?”, was circulated online over the weekend. Peng came under pressure last year after she accused a senior Chinese government official of sexual assault.

Tennis Australia said spectators were not allowed to display political or commercial statements during the

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Bitcoin dropped to a six-month low on Saturday, extending a steep fall recorded in the previous session as the cryptocurrency market was swept up in a powerful shift by investors out of speculative assets.

The price of the biggest digital token by market value fell 4.3 per cent in the European morning on Saturday to $35,127, the lowest level since July 2021. Bitcoin has now lost almost a quarter of its value this year.

Other cryptocurrencies have also come under intense selling pressure, with an FT Wilshire index of the top five tokens excluding bitcoin down 30 per cent in

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European shares dropped on Friday following a sell-off on Wall Street, with shares in technology companies under renewed pressure after streaming giant Netflix warned on subscriber growth late on Thursday.

The regional Stoxx 600 equity gauge fell 1.3 per cent in morning trade. European technology shares dropped 2.1 per cent.

Those moves came after swings in US stock markets on Thursday culminated in the tech-heavy Nasdaq Composite index closing 1.3 per cent lower — down almost 13 per cent from a record high struck only in November. The broader-based S&P 500 index also lost more than 1 per cent.

Futures

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Entain, owner of Ladbrokes and Bwin, has raised the lower end of its earnings guidance even as the betting company faces tighter regulation and difficulty maintaining growth driven by a surge in online gaming during 2020 lockdowns.

The company on Thursday narrowed its guidance for full-year earnings before interest, tax, depreciation and amortisation from between £850m to £900m to a range of £875m to £885m.

The betting group benefited from “strong growth” in all its markets online during 2021, except Germany where new gambling laws require players to adhere to limits on how much they deposit and stake in online

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The fate of popular Activision franchise ‘Call of Duty’ has hit Sony’s shares © Michael Ciaglo/Bloomberg

Microsoft’s $75bn bid for Activision Blizzard propelled Sony to its biggest one-day drop since the global financial crisis, with shares in the Japanese entertainment conglomerate closing 12.8 per cent lower on Wednesday.

Overnight news of the deal also triggered a wave of buying across Japan’s gaming sector, with shares in Square Enix and Capcom rising by more than 3.5 per cent on speculation that they could become acquisition targets of Sony or as part of a broader land-grab.

Shares in Nintendo and Konami rose

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Treasuries sold off on Tuesday, dragging equity markets lower and worsening an ongoing downturn for technology shares, as traders looked ahead to interest rate rises.

The yield on the 10-year US Treasury note, which rises as the price of the global government debt benchmark falls, hit a two-year high of 1.831 per cent as prospects of higher rates on cash deposits and sustained inflation made the security’s fixed-interest payments less appealing.

Meanwhile, the yield on the two-year Treasury note, which closely tracks interest rate expectations, rose 0.07 percentage points to 1.04 per cent — a level not seen since February

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