Up Fintech Holding Limited shares fall 1.68% intraday after Ant Group reported a 60.5% drop in quarterly profit.

Up Fintech Holding Limited dropped 1.68% in intraday trading, with the decline potentially influenced by the 60.5% slide in net profit reported by Ant Group, a company in which Up Fintech Holding Limited has a significant stake. Ant Group's decrease in profit was attributed to investments in new growth initiatives and technologies, as well as a decrease in the fair value of certain investments.