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GameStop mania spreads to glove makers in Asia GameStop mania spreads to glove makers in Asia The moderators of the group Bursabets have defined it as the 'Malaysian version' of Reddit’s WallStreetBets forum, to discuss stocks listed on Bursa Malaysia. Abhishek Vishnoi 30 January, 2021 11:38 am IST Text Size: A+ Mumbai: The manic ride in GameStop Corp. sparked by American amateur traders on Reddit has inspired some Malaysians to form a similar group targeting shares of glove makers — one of Asia’s hottest pandemic trades in 2020. The online community ...

Malaysian day traders hype up glove makers 3 Online movement inspired by GameStop mania in US as retail investors flex muscle published : 30 Jan 2021 at 14:32 3 A worker inspects gloves at a Top Glove factory in Shah Alam, Malaysia. (Reuters File Photo) KUALA LUMPUR: The manic ride in GameStop Corp sparked by American amateur traders on Reddit has inspired some Malaysians to form a similar group targeting shares of glove makers — one of Asia’s hottest pandemic trades in 2020. The online community by the name of Bursabets was created on...

Malaysia has cautioned investors against participating in social media chatrooms that promote trading of certain stocks after online forums fuelled a surge in Malaysian glove makers, similar to the phenomenom seen in the United States in recent days.

Malaysia cautions investors over social media groups promoting stocks Jumat, 29 Januari 2021 / 21:55 WIB Sumber: KONTAN.CO.ID -  KUALA LUMPUR. Malaysia has cautioned investors against participating in social media chatrooms that promote trading of certain stocks after online forums fuelled a surge in Malaysian glove makers, similar to the phenomenom seen in the United States in recent days. Shares of Top Glove, the world's largest medical glove maker, rose 8.5% on Friday after a call by local retail investors to drive up its share prices and squeeze out short sellers. In a Reddit forum...

Discussions in the forum centered around Top Glove, the biggest glove making company, and short positions in the sector.