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Stock impact report

Lufax, Futu, Qifu dominate weekly financial gainers after China stimulus blitz [Seeking Alpha]

Lufax Holding Ltd American Depositary Shares, each representing two (2) Ordinary Shares (LU) 
Company Research Source: Seeking Alpha
the economy, the likes of which haven't been seen since the 2008 global financial crisis. Conversely, Argentine banks led the biggest decliners. Financial stocks, overall, closed out the week ended Sept. 27 in the red, with the Financial Select Sector SPDR ETF ( NYSEARCA: XLF down 1.1% , compared with the S&P 500's 0.6% rise With the extraordinary wave of stimulus measures , Chinese financials Lufax Holding ( NYSE: LU ), Futu Holdings ( NASDAQ: FUTU ) and Qifu Technology ( NASDAQ: QFIN ) rose the most of any financial stock (with market cap over $2B), surging and , respectively; Bitcoin ( BTC-USD ) miner Cleanspark ( NASDAQ: CLSK gained 13% after landing an Outperform rating from Macquarie Equity Research; and Coinbase Global ( NASDAQ: COIN ) rounded out the five biggest winners, climbing 12% , as the cryptocurrency exchange asked a federal appeals court to overturn the Securities and Exchange Commission's denial of the crypto exchange's petition for new rulemaking on crypto i Show less Read more
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