- While most of U.S. financial companies' stocks swim in the red today, two U.S.-listed Chinese fintech firms are firmly in positive territory.
- Qudian (QD +4.5%) and Yiren Digital (YRD +2.7%) are both rising. Granted, they're both near 52-week lows and have suffered dramatic sell-offs recently.
- Qudian has dropped 73% in the past six months, while Yiren Digital lost 54% during the same period.
- ETFs focusing on Chinese financial or tech companies aren't gaining in today's session, though — KraneShares CSI China Internet ETF (KWEB -3.1%), Global X MSCI China Financials ETF (CHIX -3.3%).
- ETFs: KWEB, CQQQ, CHIX, CWEB, CHIK