10 Stocks Drop The Most Amid Investor Caution

5. Futu Holdings Ltd. (NASDAQ:FUTU)

Futu Holdings fell by 9.16 percent on Monday to close at $110.28 apiece, in line with its Chinese peers, following a new memorandum from the White House encouraging foreign investments while singling out China over threats it poses to US national security interests.

President Donald Trump issued the memorandum on Friday which directed the Committee on Foreign Investment in the United States (CFIUS) to impose stricter regulations on Chinese investments in key strategic sectors.

According to the memo, China is “exploiting our capital and ingenuity to fund and modernize their military, intelligence, and security operations, posing direct threats to United States security.”

Under the directive, the US will establish new rules to curb “the exploitation of its capital, technology, and knowledge by foreign adversaries such as China to ensure that only those investments that serve American interests are allowed.”

Futu, a financial technology company offering digital financial services, operates in seven key regions namely the US, Hong Kong, Singapore, Australia, Japan, Canada, and Malaysia.