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home / news releases / TIGR - Why did KE Holdings stock surge today?

TIGR - Why did KE Holdings stock surge today?

UP Fintech Holding Limited
Chinese real estate platform KE Holdings (NYSE:BEKE) shares climbed over 13% at Friday's close amid a broad rally in Chinese tech stocks. The bullish price action comes as Chinese authorities were making plans to give U.S. auditors full access to some firms' audit reports as soon as the middle of this year. KE's rivals also experienced upside momentum intraday, including Qudian (QD) +3.3%, FinVolution (FINV) +2%, LexinFintech (LX) +3.4%, Futu (FUTU) +6.2% and Up Fintech (TIGR) +1%. Note that Seeking Alpha's Quant Rating flagged BEKE stock at high risk of performing badly given decelerating momentum and inferior profitability when compared with peers. In mid-March, Chinese financial stocks surged as the country's top policymaker ensured equity market stability.

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Why did KE Holdings stock surge today?
Stock Information
Company Name: UP Fintech Holding Limited
Stock Symbol: TIGR
Market: OTC
Website: itiger.com
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