The Economic Times

US stocks: Webull shares plunge 18% after report flags structural ties to China

Webull shares fell by more than 18% following a report connecting the platform to the Chinese government. The House Select Committee on China revealed discrepancies between Webulls marketing and its operational reality. Concerns were raised about the companys reliance on infrastructure subject to Chinese laws. Analysts expressed uncertainty about the regulatory implications affecting the stock's performance. This scrutiny reflects growing apprehension in Washington regarding Chinese involvement in critical US sectors.