Hong Kong, November 11, 2024 - Following Donald Trump's election as U.S. President on November 6th, Tiger Trade witnessed a substantial spike in trading activity. Trading orders jumped 74% compared to the previous day and were 48% higher than October’s average trading order volume. Notably, 63% of these orders realized a profit or loss, with 76% of users achieving profitable outcomes. Trading was particularly concentrated in Tesla (TSLA), Trump Media & Technology Group Corp. (DJT), and Coinbase (COIN), with the COIN and TSLA seeing dramatic increases of 354% and 182%, respectively, in trading orders compared to the previous day.
In Hong Kong, Tiger Trade experienced a 47% rise in trading orders from the previous day and a 41% increase compared to the average in October. Trading volume grew by 87% from the previous day and by 39% compared to October's average. U.S. stock trading activities saw significant growth, with trading orders and volume up by 88% and 178%, respectively, from the previous day.
Wu Tianhua, Founder and CEO of Tiger Brokers said “The market has responded enthusiastically to Donald Trump's re-election, with all three major U.S. indices reaching historic highs. We've seen this reflected in both increased trading activity and improved client returns on our platform, demonstrating strong investor confidence in the U.S. economic outlook. This activity also showcases our platform's ability to handle surge volumes effectively. As markets adjust to the election outcome, Tiger Trade continues to provide comprehensive market coverage, diverse trading products, and an advanced trading system that helps investors navigate market dynamics. Our new virtual trade-sharing accounts feature enables users to track the trades and portfolio changes of prominent figures like Warren Buffett and Nancy Pelosi, helping them make more informed investment decisions while managing risk and maximizing potential returns."
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