Why Futu Holdings Ltd. (FUTU) Performed Worst On Friday? [Yahoo! Finance]
Futu Holdings Limited - American Depositary Shares (FUTU)
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Source: Yahoo! Finance
The stock market suffered a bloodbath anew on Friday as investors digested news of a growing trade war, with China making good on its promise with a steep tariff on US goods. As of 2:55 PM, the S&P 500 lost 5.47 percent of its value, the tech-heavy Nasdaq fell 5.37 percent, and the Dow Jones was down by 5.09 percent. Following President Donald Trump's imposition of hefty tariffs on all imports to the US, China on Friday struck back with a 34-percent tariff on US goods. The tariffs will begin on April 10. Ten individual stocks mirrored a broader market pessimism, recording steep intra-day losses. In this article, let us explore Friday's worst intra-day performers and the reasons behind their decline. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million in trading volume. A brokerage employee huddled with a group of retirees discussing retirement portfolios. Futu Holdings declined for a second day on Friday, losing 1
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