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Rogue politicians on twitter leads to stock market chaos
Thursday 22 Dec 2016 Author: William Cain

Investors are used to stock market volatility but increasingly face a new challenge  – rogue politicians on Twitter.

In September 2015, the Nasdaq Biotechnology index fell by 5% on a tweet from Hillary Clinton which said: ‘Price gouging like this in the speciality drug market is outrageous’ and promised to ‘take it on.’

US President-elect Donald Trump complained on Twitter about Lockheed Martin’s ‘out of control’ costs on 12 December 2016. According to The Guardian, Lockheed Martin’s share price drop amounted to $28.6m of market value per character tweeted.

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