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16.09.26 - 17:30
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Retail Trading Platform Moomoo Partners with X (Bloomberg)
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Moomoo's US CEO Neil McDonald joined Bloomberg Open Interest to explain why X is becoming a major destination for stock discovery and how social investing, institutional-grade tools and AI-powered trading are changing the retail investor experience. He says natural-language automation can even help traders fight FOMO and make more disciplined decisions. (Source: Bloomberg)...
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01.09.26 - 02:00
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Shein shares plunge up to 28% in grey market ahead of Hong Kong debut (SCMP)
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Shein Global Holdings shares plunged in the grey market day ahead of its Hong Kong debut, further shaking market confidence in the company's valuation.
On Monday evening its shares closed 13.1 per cent lower at HK$42.2 after dropping as much as 28 per cent, according to Futu Holdings data. With a board lot size of 100 shares, each lot yielded a loss of HK$636, excluding transaction fees.
Shein raised HK$13.6 billion (US$1.7 billion) after pricing shares for its Hong Kong listing at just above......
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28.08.26 - 01:00
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Tiger, Futu post strong overseas gains after Beijing clampdown stalls mainland growth (SCMP)
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Tiger Brokers and Futu Holdings, two of the region's largest online brokerages, posted robust second-quarter growth as they expanded overseas to absorb Beijing's toughest crackdown yet on illegal cross-border stock trading.
UP Fintech Holding, parent of Tiger Brokers, reported on Wednesday that revenue rose 31.4 per cent year on year to a record US$182.3 million. Net income attributable to shareholders, however, slipped to US$39.4 million from US$41.4 million a year earlier.
Chairman and CEO Wu......
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