Elon Musk he tries again, perhaps unconsciously, and sends a stock title on the South Korean Stock Exchange.
The CEO of Tesla continues to act as a true investor influencer and this time, again with the weapon of a tweet, he has made a Korean company fly.
What happened and what he said Musk to affect the markets?
Musk sends a tweet and pushes this title to + 10%
The mechanism is already known: Elon Musk he offers a comment on Twitter and the financial markets respond.
cryptovalute how bitcoin and dogecoin have previously seen sharp changes in their prices following comments from the tech billionaire.
His tweets have also previously been linked to moves in the stock market in so-called meme titles like GameStop.
This time, it is le shares of Samsung Publishing, a major shareholder of the producer of the children’s song “Baby Shark”.
After a tweet about the viral ditty, the title shot up. Shares of Samsung Publishing in South Korea rose more than 10% at some point during normal trading on Wednesday, before evening some gains to close 6.29% higher.
The company has no affiliation with the South Korean conglomerate Samsung Group, although it shares the Samsung name.
Wednesday’s earnings came in the wake of a tweet from Musk on Tuesday morning, Asian time, which said: “Baby Shark crushes everything! More views of humans “.
Shares of Samsung Publishing rose more than 76% in 2018 after the song ‘Baby Shark’ hit the UK charts and went viral.
What will be the next comment by Musk, and the next shock on the market?