$Futu(FUTU.US) rose by more than three points today. With active trading in Hong Kong and US stocks and the Hang Seng Index expanding its volume, the beta of brokerages was directly captured; $SoFi Tech(SOFI.US) dipped slightly, as interest rates in the US remain high at elevated levels, making the consumer credit story unexciting.

Both are internet finance companies, but one is driven by trading volume while the other is driven by the interest rate cycle, resulting in completely staggered market trends.

$Futu(FUTU.US), a stock that moves with trading volume, is essentially a call option on the Hong Kong stock market's performance—would you be willing to use it instead of buying the index directly? My own answer is yes for small positions; the leverage effect is there, but drawdowns will also amplify synchronously.