Wild volatility in local stocks such as shopping centre operator Unibail-Rodamco-Westfield and the silver price sparks Asic concern
Australia’s financial regulator has warned retail stock-pickers to be extra careful about where they invest their money as the social media-driven market frenzy for GameStop shares spills into other markets such as silver amid wild volatility in values.
With the lure of huge profits from punts in the US retail chain depicted as a chance to beat financial giants at their own game, prices in some Australian-traded stocks such as the shopping mall operator Unibail-Rodamco-Westfield have spiked in recent days.
Continue reading...source https://www.theguardian.com/australia-news/2021/feb/02/australian-investors-warned-to-be-careful-as-gamestop-share-frenzy-spreads
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