This has to be a first:
Now Hong Kong’s pro-democracy supporters are wielding a new protest weapon: their stock-market trading accounts. To show support for Jimmy Lai, the publisher who was arrested Monday under the city’s new national security law, Hong Kongers have been buying shares of his media network Next Digital Ltd. The result has been a more than 1,000% gain in two days that propelled the stock to a six-year high.
I’m not sure how effective this will be, but I applaud the spirit of these advocates of freedom for Hong Kong.
READER COMMENTS
Gabe L. Newell
Aug 12 2020 at 11:01am
This makes my EMH sensibilities cranky.
tpeach
Aug 12 2020 at 8:48pm
That doesn’t seem to fit well with the EMH…
Physecon
Aug 14 2020 at 4:09am
Why? Senior company officials have a large effect on company value (https://marginalrevolution.com/marginalrevolution/2013/08/the-value-of-a-ceo.html) This could be people revising their estimate of Lai’s principles
Scott Sumner
Aug 13 2020 at 3:46pm
Good points!
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