China Short Squeeze Stock Review
China Stocks go Parabolic
The story on Wall Street over the past few days is the breathtaking move in Chinese stocks. Throw a dart at a Chinese ADR (American Depositary Receipt or a foreign company’s stock issued by a U.S. broker), and you will find a chart that looks like the Empire State Building. For example, the iShares China Large Cap ETF (FXI) is up ~30% over the past two months. However, smaller, more high-octane names like Futu Holdings (FUTU) and UP Fintech Holding (TIGR) are up by 63% and 89%!
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