Reported 1 day ago
Lufax Holding Ltd (NYSE:LU) experienced a 12.24% decline to $2.94 on Friday as investors sold shares, awaiting new catalysts to stimulate buying interest. Recently, Lufax agreed to sell 469 million yuan in non-performing debts for 36.44 million yuan, which is expected to reduce its credit risk. The company, which is currently facing trading suspension on the Hong Kong Stock Exchange due to regulatory issues, has shown potential as an investment but faces competition from AI stocks believed to offer better returns.
Source: YAHOO