Movement Alert｜Futu Holdings Limited Rises 5.2% in Regular Trading, Lawsuit Withdrawal Resolves Trading Uncertainty
Market Focus
Oct 05
On October 5, Futu Holdings Limited rose 5.2% in regular trading. This movement coincides with reports of market makers withdrawing their lawsuit regarding alleged insider trading surrounding its May regulatory penalties.
Background shows that within the Investment Banking & Brokerage sector, top movers today included XP Inc. surging 32.67%, Robinhood gaining 2.1%, and Charles Schwab edging up 0.2%. Market makers Susquehanna and Citadel have formally moved to withdraw their case after narrowing investigations from 310 accounts to 45 individuals over three months, eliminating a major legal uncertainty for the brokerage.
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