Why the GameStop Frenzy Is Mostly a Made in U.S.A. Drama
(Bloomberg) -- On the surface, it looks like the GameStop Corp. uproar pitting Reddit day traders against giant hedge funds is going global.New accounts at Tiger Brokers in Singapore surged last week. In the U.K., Trading 212 is the most downloaded app in the country, while in Korea, GameStop is among the top 10 most-held foreign shares.Yet even as the hype spreads, the equity trading revolution playing out in the U.S. is unlikely to be matched anytime soon in Asia and Europe. Tighter restrictions on short selling, limited options trading and higher taxes and fees will keep it a U.S. game for now.
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