Why Shares of Futu Holdings, UP Fintech Holding, and 9F Are All Rising Today

Shares of the stock brokers Futu Holdings (NASDAQ:FUTU), Up Fintech Holding (NASDAQ: TIGR), and 9F Inc. (NASDAQ:JFU) all rose Friday on favorable regulatory news.

The Hong Kong-based Futu Holdings saw its shares rise as much as 17.7% this morning. Meanwhile, UP Fintech Holding and 9F, which were both founded in China, saw their shares at one point today rise as much as 22.5% and 33.1%, respectively.

All three of these companies have brokerage operations designed to facilitate funds in and out of China. Futu Holdings is a digital broker and wealth management platform that provides investing services for Hong Kong, U.S., and China Connect stocks.

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Source Fool.com