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Banks

GameStop trading resumes after brief halt as shares tumble

FILE PHOTO: A GameStop store is pictured in the Manhattan borough of New York City, New York, U.S., January 29, 2021. REUTERS/Carlo Allegri/File Photo

(Reuters) - Shares of videogame retailer GameStop Corp resumed trading on the New York Stock Exchange after being briefly halted following a 42% slump when the markets opened on Tuesday.

The stock has been at the heart of a battle between amateur investors and Wall Street hedge funds in a social media-driven trading frenzy since last week.

It was last down 49% at $115.

Reporting by Susan Mathew in Bengaluru; Editing by Arun Koyyur

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