A woman walks past a GameStop store in Des Plaines, Illinois, on October 15, 2020. The money-losing video game retailer has been the focus of a trading war. Photo: AP A woman walks past a GameStop store in Des Plaines, Illinois, on October 15, 2020. The money-losing video game retailer has been the focus of a trading war. Photo: AP
A woman walks past a GameStop store in Des Plaines, Illinois, on October 15, 2020. The money-losing video game retailer has been the focus of a trading war. Photo: AP
Andy Xie
Opinion

Opinion

The View by Andy Xie

Why the GameStop stock frenzy is likely to end in financial crisis

  • The drama unfolding around GameStop is a tale of the internet levelling the playing field between at-home retail investors and Wall Street. The US stock market may become as retail dominated, and as volatile, as the Chinese market

Andy Xie
Andy Xie

Updated: 7:45pm, 1 Feb, 2021

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A woman walks past a GameStop store in Des Plaines, Illinois, on October 15, 2020. The money-losing video game retailer has been the focus of a trading war. Photo: AP A woman walks past a GameStop store in Des Plaines, Illinois, on October 15, 2020. The money-losing video game retailer has been the focus of a trading war. Photo: AP
A woman walks past a GameStop store in Des Plaines, Illinois, on October 15, 2020. The money-losing video game retailer has been the focus of a trading war. Photo: AP
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Andy Xie

Andy Xie

Dr Andy Xie is a Shanghai-based independent economist specialising in China and Asia, and writes, speaks and consults on global economics and financial markets. He joined Morgan Stanley in 1997 and was managing director and head of the firm’s Asia-Pacific economics team until 2006. Prior to that he spent two years with Macquarie Bank in Singapore, where he was an associate director in corporate finance. He also spent five years as an economist with the World Bank. He was voted one of the 50 most influential persons in finance by Bloomberg magazine in 2013.