Why US stocks are giving China’s amateur investors sleepless nights
Trading volumes of US stocks on Futu Holdings Ltd.’s app, China’s largest online trading platform for overseas equities, more than tripled in the first three months of the year after staying more or less constant in 2019
Traders are being drawn by global brands like Apple and Tesla, as well as local names such as Pinduoduo and Bilibili.
A growing number of amateur stock traders in China are making their biggest decisions in the dead of night.
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