Visa was almost flat today, Futu Holdings fell 3%, and Marathon Digital was also falling.
Visa's defensive nature is very clear, with high dividends and essential transaction scenarios, it can hold up in today's market; Marathon Digital follows Bitcoin, and with Bitcoin not being strong recently, mining stocks are also weak.
Futu is indeed under pressure among Hong Kong stock brokers today, but I'm a bit puzzled—Futu's core story is being a circulation platform for Chinese assets. With Hong Kong stock trading volume low today, how much elasticity does this logic have in the current market? What are your views on Futu's medium-term logic?
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