DUO Stock Surges Amid Real Estate Market Stability Talks

Oct 16, 2024

Shares of Fangdd Network Group Ltd (DUO, Financial) experienced a significant surge, skyrocketing over 70% during its opening session. At the last reporting, DUO was up 46.74%, trading at $1.35.

This dramatic rise follows news of an upcoming press conference involving key Chinese government officials. The Minister of Housing and Urban-Rural Development, alongside representatives from the Ministry of Finance, the Ministry of Natural Resources, the People's Bank of China, and the National Financial Regulatory Administration, are set to discuss measures to promote a stable and healthy development of the real estate market.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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