Investment is not a virtual game and investors buying Chinese stocks hoping to profit from Metaverse will likely end up in tears, China’s official Securities Times warned in a commentary on Thursday. If people “blindly invest in such grand and illusionary concept as Metaverse, they will be burnt in the end,” it said. Most Metaverse-related stocks tumbled on Thursday morning. Wondershare Technology and Wahlap Technology both slumped over 10%, while Goertek lost over 8%. The Securities Times commentary also flagged risks to investors on Thursday.

Source: MetroXpress September 09, 2021 04:41 UTC