The world over, we are seeing shares crashing like hell. The number one company in the world fell in two digits for over three days in the last one year, and it fell by over 1% for over 50 days. Most of the automobile companies and electronic majors and also consumer durable manufacturers across the globe have seen their shares crash by over 50% in the last one year.
Amidst all these, you have a super star company, Gome Electrical Appliances Holdings Limited, which is the second largest retailer in the country, saw it’s shares surge by 107% yesterday in Hong Kong trading. The surge was due to the investment of over 1.66 billion HongKong dollars fresh funds by Bain Capital into the company.