How a mysterious screenshot spurred a $450 billion rally3 min read 02 Nov 2022, 03:06 PM IST
The unverified post first began circulating on Monday night in WeChat social messaging groups filled with analysts and fund managers. By the next morning, it was spreading like wildfire
Nobody is quite sure who wrote it, when it was written or if it’s even true. But a screenshot of four paragraphs detailing a China reopening plan was enough for traders to scoop up stocks for two days running.