Stock Track | Tiger Brokers Plummets 5.04% as U.S.-China Trade Tensions Escalate

Stock Track

02-04

Tiger Brokers, the U.S.-listed online brokerage firm, saw its stock plummet by 5.04% in Monday's intraday trading session, underperforming the broader market. This sharp decline can be attributed to the escalating trade tensions between the United States and China.

On Monday, U.S. President Donald Trump imposed a 10% tariff on Chinese imports, a move that sent shockwaves through the financial markets. As a result, U.S.-listed Chinese companies, including Tiger Brokers and its peer UP Fintech Holding, experienced significant sell-offs.

The tariff announcement raised concerns about potential retaliation from China and the potential impact on various sectors, including e-commerce, gaming, electric vehicles, and technology. Investors appeared to be exercising caution by offloading shares in Chinese companies, contributing to the decline in Tiger Brokers' stock price.

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