Business
Could the GameStop frenzy be replicated on Australia’s stock market? – The Guardian
Asic has set up working groups to monitor social trends as retail investing booms
This is lunacy! James Andronis, a senior specialist in the Australian Securities Investment Commissions market conduct team, wrote in an email to a colleague at the end of January.
He was referring to a mysterious 47% surge in shares of a tiny Australian copper miner in the days after the Australia Day public holiday. The sudden increase forced the company to halt trading.
The cause? The company had the same code on the Australian stock exchange as the US video game store chain GameStop did on Wall…
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