'China's Robinhood' brokerages are next targets in tech crackdown

Shares in Futu Holdings and Up Fintech Holding plunge after Beijing critique

TAKESHI KIHARA and STELLA WONG, Nikkei staff writers

HONG KONG -- China's crackdown on the tech industry has reached the fast-growing online securities sector, with shares in Futu Holdings and Up Fintech Holding both suffering a major blow in the U.S. following abrupt criticism from Chinese authorities.

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