Reddit squeeze in Asia: GameStop inspires Malaysians to buy Top Glove

Local answer to WallStreetBets drives up rubber product maker against shorts

20210129N Top Glove Bursabets retail investors

Malaysian retail investors have zeroed in on Top Glove as their own GameStop, inspired by U.S. Reddit traders' collective bet against short sellers. © Reuters

ALEX FANG, Nikkei staff writer

NEW YORK -- The GameStop trading bonanza in the U.S. has inspired some Malaysian retail investors to orchestrate their own collective bet on Top Glove, giving the widely-shorted rubber product manufacturer an instant boost.

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