Chinese President Xi Jinping's bid to remain in power indefinitely has made one group of people happy: shareholders in companies with "emperor" in their names. Leading Chinese dissidents say Xi is trying to become a new "emperor." Harbin VITI, another electronics firm whose Chinese name partially translates to "powerful emperor," closed more than 4% higher. Other Chinese firms with the title in their name, like kitchen appliance maker Vatti ("Chinese emperor") and meat processing firm Huangshanghuang ("the emperor of emperors") also posted big gains early in the day. The "emperor" stocks were already showing signs of slipping -- all of them had lost at least half their early gains by the time Chinese markets closed on Monday.

Source: CNN February 26, 2018 12:56 UTC