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GlassDomeRoaming

2026-05-22 17:30:03

Futu's decline is too severe, Chinese concept stocks are being bloodbathed again

View Original

MeNews2026-05-22 17:05:16

U.S. stock market opens, the three major indices open slightly higher, Futu Holdings (FUTU) plummets 34.93%, Up Fintech (TIGR) crashes 30.82%

ME News On May 22, U.S. stocks opened mixed: the Dow Jones rose 0.58%, the S&P rose 0.41%, and the Nasdaq rose 0.37%. Chinese concept stocks performed poorly, with Futu Holdings down 34.93%, Up Fintech down 30.82%, and the Nasdaq Golden Dragon China Index falling 2.2%. In individual stocks, NIO fell 7%, Baidu fell 3%, KE Holdings fell 4%, and Alibaba fell 3%. At the same time, the U.S. semiconductor and storage sectors showed mixed performance. Source: MLion

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