AMTD Digital: How a small Hong Kong firm’s shares soared


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AMTD Digital: How a small Hong Kong firm's shares soared A little-known Hong Kong company has seen its stock market value soar in recent days, for no apparent reason. AMTD Digital made its New York debut last month, priced at $7.80 a share. This week, the firm's shares have been on a rollercoaster ride, closing on Wednesday at $1,100. The meteoric rise in AMTD Digital's value has seen it likened to so-called "meme stocks", shares that gain popularity among retail investors through social media. Trading in the company's shares have been particularly volatile this week, touching $300bn on Tuesday. That...