Tech Shares Slide While Yields Climb With Dollar: Markets Wrap

Tech Shares Slide While Yields Climb With Dollar: Markets Wrap

Bloomberg

Trader Arrested as WallStreetBets Phenomenon Finds Echo in Japan

(Bloomberg) — A retail investor buys shares in a small company, touts his position on social media and inspires a horde of followers to do the same. The stock price goes to the moon — before crashing back to earth.It’s an all-too-familiar tale to anyone watching the market in 2021, but this wasn’t GameStop Corp. It wasn’t even in America. And it happened in 2018.It was in the Japanese city of Osaka, where a day trader who goes by the nickname Tonpin was betting…

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