Small-cap Chinese stocks spark meme-like buzz

📆 5/2/2023 6:12 PM
📰 MarketWatch

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Small-cap Chinese stocks have been attracting plenty of attention in recent days, according to Stocktwits, a social platform for investors and traders.

Small-cap Chinese stocks have been attracting plenty of attention in recent days, according to data from Stocktwits, a social platform for investors and traders.

Set against this backdrop, Hong Kong-based trading firm TOP Financial Group Ltd. TOP joined the list of meme stocks last week when its shares skyrocketed more than 890% after proving popular with the WallStreetBets group on Reddit. The stock ended Tuesday’s session up 2.9%.The company, however, is relatively small, particularly when compared with meme-stock darlings AMC Entertainment Holdings Inc. AMC and GameStop Corp. GME .

Huadi, which manufactures industrial stainless steel pipes and tubes products, has a market cap of $80.45 million. Hong Kong-based financial services provider Magic Empire has a market cap of $50.64 million.

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