Lufax Holding's stock price plummeted 5.36% during intraday trading on Friday, as negative sentiment swept through the market following news of legal challenges facing the Chinese wealth management firm.

The sharp decline comes after a class action lawsuit was filed against Lufax on March 21, 2026, with plaintiffs accusing the company of misleading investors. Such legal actions typically create uncertainty among shareholders and can trigger selling pressure as investors reassess the company's risk profile and potential financial liabilities.