Questioned About Information Security Risks, Futu, Tiger Brokers’ Shares Fall
Chinese state media the People’s Daily on Thursday questioned the ability of Futu and Tiger Brokers to meet requirements of the country’s strict new data protection law. As a result, the two brokers’ shares decreased by about 16% and 13% before markets opened in the U.S., respectively.
The People’s Daily, a Chinese Communist Party…
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