Chinese financial stocks and social media platform surge, while investors pile into ETFs.
Shares of Chinese financial services companies TOP Financial Group, Magic Empire, AGBA Group, Dunxin Financial, and Top KingWin saw major gains, with TOP Financial Group's shares rallying nearly 1,200% in two days. Magic Empire's shares rallied as much as 530%, AGBA Group's shares jumped as much as 220%, Dunxin Financial's shares rose 560%, and Top KingWin's shares hit a high of 91% from Thursday's close.