Investing
AMTD Digital, Parent Plunge in Wake of Baffling 32,000% Rally
AMTD Digital is slumping after vaulting past Goldman Sachs and Morgan Stanley in market value earlier this week.
This article is for subscribers only.
The massive rally in two little-known Hong Kong-based financial services firms is ending just as quickly as it began.
Financial services provider AMTD Idea Group dropped 31% Thursday, following a blistering surge that left market watchers baffled, while its subsidiary AMTD Digital Inc. fell 27%.