Here's Why UP Fintech Stock Plummeted This Week

·2 min read
Here's Why UP Fintech Stock Plummeted This Week

Shares of UP Fintech (NASDAQ: TIGR) sank this week following indications that the company will soon face setbacks due to new regulations. The Chinese fintech stock closed out the week's trading down roughly 27%. China's state-backed media outlet The People's Daily published a report on Oct. 14 indicating that UP Fintech may face hurdles when the government implements new privacy standards in the beginning of November.

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