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Asia s ant and moth investors test broker nerves

5 Min Read SINGAPORE (Reuters) - Asia’s retail investors, emboldened by the meteoric rise of U.S. videogame retailer GameStop, are taking on short sellers and making their brokers nervous enough to cut off margin lending. FILE PHOTO: A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, stands in front of an electric board showing Nikkei index outside a brokerage in Tokyo, Japan January 21, 2021. REUTERS/Kim Kyung-Hoon/File Photo In South Korea, small investors known as “ants” have borrowed so much money to dabble in stocks that at least half a dozen brokerages have stopped offering them leverage.

India s small investors rush to join GameStop frenzy

2 Min Read A GameStop store is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri/Files MUMBAI (Reuters) - India’s small investors are snapping up shares of U.S. retail investor favourite GameStop Corp, making the video game retailer the most traded stock on some Indian brokerages after anonymous social media posts fuelled a frenzied rally. Shares of GameStop have surged 1,700% since Jan. 12 as amateur U.S. investors, monitoring social media comments, have piled in and forced professional short-sellers to abandon their positions with heavy losses.

Asia s ant and moth investors test broker nerves | WTAQ News Talk | 97 5 FM · 1360 AM

By Syndicated Content By Tom Westbrook SINGAPORE (Reuters) - Asia s retail investors, emboldened by the meteoric rise of U.S. videogame retailer GameStop, are taking on short sellers and making their brokers nervous enough to cut off margin lending. In South Korea, small investors known as ants have borrowed so much money to dabble in stocks that at least half a dozen brokerages have stopped offering them leverage. GameStop s global impact is the latest manifestation of a day-trading mania driven by amateur investors that is boosting the price of assets ranging from cryptocurrencies to new stock market listings. Not afraid, not flinching, said Ji-Han Kim, who works at a food delivery chain in Seoul and whose stock portfolio includes Chinese drone-maker Ehang, which he says has made him a 412% return, and chip giant Samsung Electronics.

India s small investors rush to join US firm GameStop s frenzied rally

India s small investors are snapping up shares of U.S. retail investor favourite GameStop Corp, making the video game retailer the most traded stock on some Indian brokerages after anonymous social media posts fuelled a frenzied rally. Shares of GameStop have surged 1,700% since Jan. 12 as amateur U.S. investors, monitoring social media comments, have piled in and forced professional short-sellers to abandon their positions with heavy losses. This week, GameStop accounted for 19% of the trades on Vested Finance, an Indian investment firm that helps Indians buy or sell U.S. stocks, and 15% of the trades on its rival Stockal, making it the most traded stock on both platforms.

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