After scientists released the first image of a black hole, Chinese investors wasted no time snapping up stocks that seem vaguely related -- Overheard
Just as almost nothing can escape a black hole, there is hardly any concept too far-fetched to avoid the attention of Chinese stock speculators.
After scientists released the first image of a black hole, Chinese investors wasted no time snapping up stocks that seem vaguely related. Shares of Phenix Optical surged 10%, the maximum daily move, on Thursday. Local media said that was on black-hole-related exuberance, even though the company’s main products are lenses for ordinary cameras, microscopes and batteries.
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