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Chinese Fintech Stocks: What’s Going on With FUTU, TIGR Stocks Today?

News Snapshot:

Investors in Chinese fintech stocks are seeing some very bearish selling pressure today. Shares of Futu Holdings (NASDAQ: FUTU ) and UP Fintech (NASDAQ: TIGR ) are both down dramatically today. TIGR stock has seen declines of more than 20% at the time of writing, while FUTU stock is currently down more than 12%. These declines continue a rather bearish trajectory for both companies. Futu is currently down approximately 65% from its 52-week high, with TIGR stock seeing a decline of nearly 80% from its peak. Being Chinese companies, these fintech players have had their fair share of headwinds. A…

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