LexinFintech Shares Climb 8.7% as Lunar New Year Shopping Season Begins

Stock News
02/18

LexinFintech Holdings Ltd. (LX.US) saw its shares rise 8.7% on Tuesday, February 17, closing at $3.00, driven by a modest uptick in U.S. equities and the start of the Lunar New Year shopping period. Trading volume for the day reached $5.78 million, showing continued expansion. This marks the second time since the start of the year that LexinFintech's stock has gained more than 8%, with the previous occurrence on February 9. Post-market data also indicated an additional increase of 0.33% in the stock price. U.S. markets opened lower but recovered during the session, with all three major indices closing slightly higher. The Dow Jones Industrial Average rose 0.07% to 49,533.19, the S&P 500 increased 0.1% to 6,843.22, and the Nasdaq Composite advanced 0.14% to 22,578.38. Chinese stocks displayed mixed performance, with the Livermore China Leaders Index up 0.12% and the Nasdaq Golden Dragon China Index down 0.10%. Among individual stocks, Hesai Group gained nearly 4%, Huazhu Group rose close to 3%, and ZTO Express climbed over 2%. LexinFintech stood out among consumer-focused Chinese equities. Founded in August 2013 and headquartered in Shenzhen, China, LexinFintech has consistently worked to integrate online and offline consumer scenarios through its platforms, connecting millions of young Chinese consumers with new consumer brands under the brand philosophy of "easy consumption, flexible financing." The company listed on the Nasdaq in December 2017.

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