Wonderful Day Mooooo : Doesn't look good.
Falling angel : I wonder why...
fluidmotion : not just China stocks. market mostly red.
Falling angel fluidmotion : chinese ADR seems to drop more than US stock, by a lot.
fluidmotion Falling angel : futu listing on HK probably contributing to the drastic drop today. the other Chinese stocks ain't that bad.
Falling angel fluidmotion : the news was released few days ago... if so, the market reacted too slow
Venture118 : Covid situations in d country maybe extremely grim
prolohz OP : Futu listing is by "way of introduction", which means no dilution to existing shareholders. Shouldn't cause it to drop
fluidmotion Falling angel : The timing is apt and closer to the actual listing that is tomorrow.
intuitive Jackal_354 : big business taking a loss today do they can offset their capital gains tax. it had to happen today so all their accounts could settle by the 30th
Wonderful Day Mooooo : Doesn't look good.
Falling angel : I wonder why...
fluidmotion : not just China stocks. market mostly red.
Falling angel fluidmotion : chinese ADR seems to drop more than US stock, by a lot.
fluidmotion Falling angel : futu listing on HK probably contributing to the drastic drop today. the other Chinese stocks ain't that bad.
Falling angel fluidmotion :
the news was released few days ago... if so, the market reacted too slow ![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Venture118 : Covid situations in d country maybe extremely grim![pensive 😔](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f614.png)
prolohz OP : Futu listing is by "way of introduction", which means no dilution to existing shareholders. Shouldn't cause it to drop
fluidmotion Falling angel : The timing is apt and closer to the actual listing that is tomorrow.
intuitive Jackal_354 : big business taking a loss today do they can offset their capital gains tax. it had to happen today so all their accounts could settle by the 30th