Why Lufax Holding Stock Crashed on Wednesday

Eric Volkman, The Motley Fool
·2-min read
Why Lufax Holding Stock Crashed on Wednesday

The American Depositary Receipts (ADRs) of China's Lufax Holding (NYSE: LU) closed more than 10% down on Wednesday. This followed the release of its first set of quarterly results as a publicly traded company, which were published after market hours on Tuesday.