Shares of GameStop Corp and AMC Entertainment Holdings Inc surged again after Robinhood and Interactive Brokers said they planned to ease restrictions after imposing buying halts on Thursday. — Reuters pic
GameStop soared 67.9 per cent to US$325 a share, five times its closing price a week ago yesterday, and AMC gained 53.7 per cent, both in heavy trade. AMC was one of the most active stocks on the New York Stock Exchange. Volume on US exchanges was 16.83 billion shares, up from the 10.6 billion average in the fourth quarter.
“The unintended consequences of this potential volatility have markets on edge as we end the week,” Arone said. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.1 per cent to post a weekly loss of 4.4 per cent. Japan’s Nikkei fell 1.9 per cent, recording its first weekly loss of the year.Delays in Covid-19 vaccine production have snowballed into a spat between Britain, the European Union and drugmakers over how best to direct limited supplies.