The 'battle royale' over GameStop will continue to overhang the market

GameStop has been in the red for four years, and lost US$500 million in 2019. PHOTO: REUTERS
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SINGAPORE - When I warned of impending market volatility earlier in January, I never imagined the kind of activity we saw last week.

Who would have thought that a bunch of retail investors on social media could gang up, confront, then bring down some of the world's biggest hedge funds within days. And this "battle royale" was over a failing Wall Street video gaming stock.

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