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Chinese fintechs tops week's financial gainers, as U.S. lending fintechs slide

August 28, 2022
Source: seekingalpha.com seekingalpha.com
News Snapshot:
Chinese fintechs tops week's financial gainers, as U.S. lending fintechs slide Of this week's biggest gainers in financial stocks, three are Chinese-based fintechs that were helped by a preliminary agreement that allows U.S. authorities access to audit those companies. Of the five financial stocks that declined the most this week, three are tech-based mortgage or lending firms, that stand to lose business as interest rates rise. Futu Holdings (NASDAQ: FUTU ), up 21% for the week, tops the list of financial stocks with market cap over $2B that climbed the most, followed by peer Chinese fintech 360 DigiTech (NASDAQ: QFIN...
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