UP Fintech Shares Drop in Premarket After Crackdown on Tiger Brokers in China
UP Fintech Holding Ltd shares dropped in U.S. premarket hours Friday. China is cracking down on its Tiger Brokers unit and two other firms, with regulators calling their cross-border securities business illegal. The American depositary shares were indicated at $3.83 during extended trading at 8:55 a.m. Eastern, down 34.47%. These are U.S.-traded securities for foreign shares. Extended trading takes place outside the normal session, and prices can swing more on lighter volume.
