Stock of Futu Holdings Limited (FUTU) is dropping around 25 percent in Friday morning trading after the company received a Notice of Investigation and an Administrative Penalty Pre-Notification Letter from the China Securities Regulatory Commission and its Shenzhen bureau in connection with the company's operations in mainland China.
The company's stock is currently trading at $92.60, down 25.29 percent or $31.09, over the previous close of $123.86 on the Nasdaq. It has traded between $80.55 and $202.53 in the past one year.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.