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China’s meme stock obsession finds new play in Korean theme

Bloomberg
Bloomberg • 2 min read
China’s meme stock obsession finds new play in Korean theme
A few Chinese meme stocks whose names are related to South Korea jumped as traders sought to cash in on a brief declaration of martial law in the nation. Photo: Bloomberg
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A few Chinese meme stocks whose names are related to South Korea jumped as traders sought to cash in on a brief declaration of martial law in the nation. 

Beijing Hanjian Heshan Pipeline jumped by the 10% limit in Shanghai Wednesday as the building materials firm’s name in Chinese implies “building the river and mountains of Korea”.

Kingenta Ecological Engineering Group and Dongguan Golden Sun Abrasives, whose names start with a character which is the surname “Kim” in Korean, also rose by at least 6% before paring the advance. 

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