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home / news releases / LX - Chinese fintech real estate stocks under pressure amid Ant Group drama

LX - Chinese fintech real estate stocks under pressure amid Ant Group drama

LexinFintech Holdings Ltd.
With Beijing looking to break up Ant Group, it's no wonder that stocks of China-based fintech companies are dropping in Monday's session. 360 DigiTech (NASDAQ:QFIN) slides 8.0%, Futu Holdings (NASDAQ:FUTU) drops 6.9%, FinVolution (NYSE:FINV) falls 4.5%, and LexinFintech Holdings (NASDAQ:LX) dips 2.0%. Turmoil in the real estate sector in China also pressures real estate market platforms — Xinyuan Real Estate (XIN -7.4%) and Nam Tai Properties (NTP -8.0%). Earlier, China Evergrande issued a statement, saying reports that it will go bankrupt aren't true. Also in the real estate sector, SOHO China shares plunged after its deal with Backstone unravels. There are a couple of bright spots in the sectors — Qudian (QD +2.4%) and KE Holdings (BEKE +1.2%) stay in the green. See other individual stocks on the move in afternoon trading.

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Chinese fintech, real estate stocks under pressure amid Ant Group drama
Stock Information
Company Name: LexinFintech Holdings Ltd.
Stock Symbol: LX
Market: NASDAQ
Website: ir.lexin.com
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