Tiger Brokers is trading 6.18% down at $5.12 as investors focus on fee-margin pressure, lower cash-equity take rates, and China regulatory risks.
- Strong Q2 earnings beat: revenue reached $182.3 million, up 31.4% year over year; adjusted EPADS came in at $0.23.
- Marketing expenses increased 86.6% to $18.4 million, adding concern over customer-acquisition efficiency.
- Broader market was modestly risk-on, with Nasdaq up 1.08%; the decline appeared primarily company-specific. Volume data was unavailable at 10:13 AM EST.