Do you believe that the development of stock markets influence the fundamentals and the actions of rational investors? Evidence to the contrary is absurd 500% South Korean shares rally DI technology company that develops devices such as Samsung and whose boss is Park Won Ho, the father of singer under the pseudonym Dogs mass stars shared video "Gangnam Style".
No doubt you have somewhere to crazy video that parodies the habits of the rich and famous of South Koreans weird dance like horseback riding, somewhere come across. Not to even wonder if it has around 500 million YouTube views.
34-year old "singer" Psy, real name Park Jae Sang, a businessman father and her video, ensure that it is a huge investor interest in the company (more speculative). Tale took even Bloomberg, who published a chart of times in the business world the term "Gangnam Style" appeared and what effect it had on shares of DI.
Hyundai Securities analyst Kevin Jin astonished by how so irrational bets speculators to drive up the prices of some shares. The Korean stock market had even trading DI twice this month pause. Everything is built on speculation that the company will begin DI through relational ties together with the singer. DI boss, father of singer, while any links to their business with the son denies.
The video is crazy but just nepřiživila DI. Benefited from it and society JINR Hite Co., a Korean producer of spirits called soju, whose shares rose 7.6% after the dogs drink brandy at a concert on the 4th October in Seoul. Also, the singer's manager, company YG Entertainment, a song from start taking 50% increase in their shares.