Confused Algos Go Berserk After Chinese Megadeal Sparks Unexplained 150% Surge In Unrelated Company
Overnight, a major M&A deal was announced in China, where local property giant Dalian Wanda Group announced plans to sell various Chinese tourism projects and hotels to Sunac China for $9.3 billion, dialing back its theme-park ambitions and in hopes of reducing its massive debt pile. The sale,
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