TRUP - China fintech stocks fall the most among financial sector this week Upstart climbs
The biggest financial stocks making the biggest moves, up or down, this week includes an insurance broker, credit servicer, and an Argentina-based regional bank. This weeks largest financial gainers (with a market cap over $2B) is topped by technology-enabled insurance broker SelectQuote (NYSE:SLQT), rising 14.9%. All top five financial gainers also generated positive returns on a monthly basis. Cloud-based artificial intelligence lending platform Upstart Holdings (NASDAQ:UPST) climbs 13.5% even as it surpassed 200-day simple moving average by 154%; Banco Macro S.A. (NYSE:BMA) increases 7.6%; Asset manager Invesco (NYSE:IVZ) rises 6.7% as it's in merger talks with State Street asset management business; Another asset manager, CI Financial (NYSE:CIXX) gains 6.6% after buying Silicon Valley wealth management firm, Portola Partners. The largest weekly decliner, 360 Digitech, drops 15% as Beijing looks to break up Ant Group. The next four stock that fell the most this week include: Futu Holdings (NASDAQ:FUTU), an online investment broker based in Hong Kong, dips 13.1% amid regulatory tensions in
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China fintech stocks fall the most among financial sector this week, Upstart climbs