Options Trading in Futu and Up Fintech Spiked Sharply Prior to Beijing’s Crackdown
Trading volumes for US-listed options tied to two prominent Chinese fintech firms spiked dramatically just before a major regulatory announcement from Beijing. This activity preceded a sharp downturn in their share prices, highlighting how some investors appeared to anticipate the crackdown. Futu Holdings Ltd. (NASDAQ:… Read More
Read more in: Asia, Fintech | Tagged beijing, china, futu, trading, up fintech