FINV - UP Fintech Futu Holdings fall with pressure on Chinese fintech stocks
Two other Chinese fintech stocks decline after reports that 360 DigiTech's core app was removed from major app stores.UP Fintech Holding ([[TIGR]] -1.9%), known as Tiger Brokers, and Futu Holdings ([[FUTU]] -4.1%) also drop after Chinese regulators review the cyber security of popular apps including DiDi Global, Full Truck Alliance, and Kanzhun.Qudian ([[QD]] -3.3%), FinVolution ([[FINV]] -9.4%), and LexinFintech Holdings ([[LX]] -12.9%) also drop during Thursday trading.In the past month, QFIN falls 27%, TIGR falls 20% and FUTU slides 8.7% as seen in the chart below.In May, SA contributor Jovan Lee Yuheng took an in-depth look at both Futu and UP Fintech.
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UP Fintech, Futu Holdings fall with pressure on Chinese fintech stocks