China Shut the Door on Two Online Brokers. Then Their Stock Prices Boomed.

[ad_1]

When a Chinese regulator blocked investors from opening accounts with online brokers Futu and Up Fintech, it dealt a blow to the pair, which had for years seen mainland China as a key source of growth.

So why have the U.S.-listed stocks of the two companies surged since then?

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

[ad_2]

Source link