Futu News reported on March 25 that the ninth city once fell 11% after the US stock market opened, completely recovering the increase of more than 50% during the intraday period. On March 25, the ninth city announced that it had signed an agreement with FF. The two sides have jointly established a joint venture to manufacture, market and operate electric vehicles in China. Affected by this news, the ninth city rose nearly 100% before the market.
Market source: Futu Bull Bull
The 100% increase fell within a few hours, which was an unprecedented event for many stocks. However, this is not the first time that the ninth city has gone up and down. In just half a year, the ninth city experienced going from heaven to hell on 2018/10/19 and 2019/3/5, respectively.
Market source: Futu Bull Bull
No wonder some netizens have analyzed that they all say that the routines in the city are deep; originally, the ninth city had even deeper routines.