Dorsey-led Block posts loss for second quarter

S Korea takes steps to stabilise local stock markets

Jack Dorsey-led Block Inc on Thursday reported a loss for the second quarter as a bruising selloff in cryptocurrency markets hurt the digital payments company’s earnings from bitcoin trades on its platform.

Net loss attributable to common stockholders came in at 36 cents per share in the quarter ended June 30, compared with a profit of 40 cents per share a year earlier.

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