102679312 : Why do you think FUTU went down despite its good earning report? Could it be due to Tencent?

102679312 : Not sure too. FUTU beat expected EPS of 0.09 by 0.07, with an actual EPS of 0.16. Should be seen as good news. Perhaps the investor bought on rumors and sold on news. The above expectation results had already been factored into the price and now they are just taking profit.
Considering that this is a brokerage company, you can compare the trend with other brokerage companies, TD Ameritrade, Tiger broker, etc. They look relatively similar. And probably because of Powell's speech, the market started pulling cash out.  
After Powell's speech yesterday, the stock market is expected to be bullish for the remainder of this month. So I'll probably hold for the short term, or add to high conviction stocks.