UP Fintech and Futu Holdings Drop More Than 20% in U.S. Premarket

MSX.COM data showed both online brokerage stocks fell sharply before the U.S. market open, pointing to heavy early selling pressure.

Summary

UP Fintech and Futu Holdings both declined more than 20% in U.S. premarket trading, according to MSX.COM data. Premarket trading refers to share transactions before the regular U.S. market session, and such moves can signal strong investor reaction before official opening prices are set. The source did not provide a reason for the declines or additional market context.

Terms & Concepts
  • Premarket trading: Stock trading that takes place before regular exchange hours, often reflecting early reactions to news or market sentiment.
  • U.S. market open: The start of the regular trading session on major U.S. stock exchanges, when broader price discovery begins.