An advert for online brokerage Futu in Hong Kong.
The company’s shares have risen more than 40% this year.
Photo: BUDRUL CHUKRUT/SIPA PRESS/ASSOCIATED PRESSWhen a Chinese regulator blocked investors from opening accounts with online brokers Futu and Up Fintech, it dealt a blow to the pair, which had for years seen mainland China as a key source of growth.
So why have the U.S.-listed stocks of the two companies surged since then?
Persons:
BUDRUL
Locations:
Hong Kong, China, U.S