Stock speculators are hungry for any sign that will show which way the market will go, and many look to the stars for insight or inspiration.
Even movie stars will do.
And so it happened that when Hong Kong singer-actress Faye Wong reportedly opened an A-share brokerage account recently, market players pounced on the news as a bullish signal.
China Youth Daily carried a picture from Weibo that appeared to show the superstar dressed in red at a branch of China Merchants Securities.
That sparked a lively discussion on the internet that coincided with the A shares rebounding 5 percent Monday.
Wong is an icon for the bull market, Yangcheng Evening News reported.
Unlike Hong Kong actor-singer Adam Cheng Siu-chow, whose television dramas have been blamed for market slumps whenever they were broadcast on TVB, Wong has been a herald of good times in the mainland stock market each time she got married.
When Wong married singer Dou Wei in July 1996, the Shanghai Composite Index went on a 17-month rally to 2,245 points from 753.
After she broke up with Dou, she married actor Li Yapeng in July 2005. The index surged to 6,124 points from 998.
Now people are looking forward to her possible marriage to singer, actor and entrepreneur Nicholas Tse Ting-fung, a former lover with whom she was recently reunited.
Tse owns 19 percent of See Corp. Ltd. (00491.HK), which has a market cap of nearly HK$2 billion (US$260 million).
It is time for Wong and Tse to catch up with their friends Vicky Zhao Wei, a mainland actress, and her husband, businessman Huang Youlong, who have become billionaires thanks to the market frenzy.
This week, Huang and Zhao sat on a paper profit of HK$7.4 billion in Reorient Group (00376.HK) after investors rushed to buy shares in the securities firm, which secured funding from Yunfeng Financial Holdings, a company partly owned by e-commerce billionaire Jack Ma Yun, executive chairman of Alibaba Group Holding Ltd.
Huang and Zhao paid HK$2 each for 360 million shares in Reorient, which closed at HK$22.65 Monday.
That was the second time Huang and Zhao made a big profit with Ma.
The couple cashed out their investment in Alibaba Pictures Group Ltd. (01060.HK) for HK$1 billion in April with a 143 percent gain after less than six months.
Now, has that fired up Wong’s passion for a little bit of stock speculation?
Some sharp-eyed netizens believe the image of the woman in the brokerage was touched up to look like Wong.
But the guessing game about the market continues as the Shanghai index searches for its ceiling.
Sooner or later, we expect Wong’s 1993 hit No Regrets to become a market anthem, especially for those who bought the wrong stocks.
This time I stubbornly face [the problem].[I'm] inadvertently indulgent.I don’t care whether it’s correct or not.Even if it is a trap, I dare [to face it].Even if it is stubbornness, I am still stubborn and regretless.
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