U.S. Stocks Are Keeping China’s Amateur Investors Awake at Night

(Bloomberg) — A growing number of amateur stock traders in China are making their biggest decisions in the dead of night.It was 4 a.m. when Li Bohao, a 23-year-old Beijing native, got a panicked call from a friend telling him to sell all his shares of Nio Inc., the U.S.-listed Chinese electric-car company dubbed the “Tesla of China.” The stock was on the slide and analysts were speculating it could soon be worthless. Li took the advice — and missed out. Nio’s shares are now worth over four times more than when he sold in March. The comic animation entrepreneur, …read more

Source:: Yahoo Finance

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