China stocks just had their best day in 16 years, sending related U.S. ETFs soaring [CNBC]
Futu Holdings Limited - American Depositary Shares (FUTU)
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Source: CNBC
The Shanghai Composite rallied 8.06% in its best day since September 2008, and capping a nine-day win streak for the index. It ended September up 17.39%, its first monthly gain in five and its best monthly performance going back to April 2015. The Shenzhen Composite Index closed up 10.9%, its best day since April 1996. It gained 24.8% in September, its best month going back to April 2007. The China ADR index gained nearly 6%. The U.S. listed shares of human resources company Kanzhun surged 9% along with online video company Bilibili Tencent Music Entertainment gained 2.9%, while online brokerage company Futu Holdings rose 15%. The KraneShares CSI China Internet ETF (KWEB) gained 4.2%, while the iShares China Large-Cap ETF (FXI) rose 2.2%. The U.S. listed shares of Alibaba , the second-largest holding in the ETF, had gained more than 4%. Another top holding, JD.com , gained 5.4%. Chinese stocks have been on a tear after Beijing last week unveiled a slew of economic stimulu
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News
- Futu Holdings Ltd (FUTU) Q3 2024 Earnings Call Highlights: Robust Revenue Growth and Strategic ... [Yahoo! Finance]Yahoo! Finance
- Futu Holdings Limited (NASDAQ: FUTU) was downgraded by analysts at Citigroup Inc. from a "buy" rating to a "neutral" rating. They now have a $95.00 price target on the stock, up previously from $79.00.MarketBeat
- Moomoo's Parent Company Futu Releases Q3 Earnings Result with US$442.3 Million in Total Revenues, a 29.6 % YoY IncreasePR Newswire
- Moomoo's Parent Company Futu Releases Q3 Earnings Result with US$442.3 Million in Total Revenues, a 29.6 % YoY IncreasePR Newswire
- Futu Announces Third Quarter 2024 Unaudited Financial Results and Special Cash Dividend [Yahoo! Finance]Yahoo! Finance
FUTU
Sec Filings
- 11/19/24 - Form 6-K
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- FUTU's page on the SEC website