Ting Hai effect | |||||||||||
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Traditional Chinese | 丁蟹效應 | ||||||||||
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The Ting Hai effect,also known as the Adam Cheng effect,is a stock market phenomenon [1] in which there is a sudden and unexplained drop in the stock market whenever a film or a television series starring Hong Kong actor Adam Cheng is released. [2] It still remains as a popular topic among stock brokers,years after the television drama The Greed of Man was broadcast in Hong Kong in late 1992. The effect is named after Ting Hai,the primary antagonist in the drama,who was portrayed by Cheng.
In late 1992,the television series The Greed of Man was aired on TVB in Hong Kong. The drama centred heavily around the stock market,featuring dramatised schemes and plots by the main characters who aim to become rich through trading in the market. Ting Hai (Adam Cheng),the primary antagonist,made an immense fortune with his four sons by selling short derivatives and stocks during a bear market. Many people went broke,but the Ting family became richer and richer until their eventual defeat by the protagonist Fong Chin-bok (Sean Lau). [3] The Ting family's demise involves Ting Hai throwing his four adult sons off the stock exchange building before jumping after them,and the gruesome scene came to be seen as a curse on the stock market that recurs whenever a television series starring Adam Cheng is aired. [4]
The Ting Hai effect,namely the uncanny effect Adam Cheng has on the stock market,can be traced even before Greed of Man and back to 1973,when Cheng starred in Romance in the Rain,a TVB drama series based on a novel written by Chiung Yao. That year,Hong Kong's stock market fell 91.53%. [5]
Initially,the Ting Hai effect occurred whenever The Greed of Man or its loose sequel, Divine Retribution (produced by ATV),was broadcast in Hong Kong. However,it was observed later that the phenomenon also takes place whenever a new film or a television series starring Adam Cheng is released.
There were a few times when the Ting Hai effect did not occur. In April 2006,when Bar Bender was aired on TVB,there was a sudden rise in the Hang Seng index by 258 points. [2] The index also rose over the course of the following series' airing cycle: Chor Lau-heung (1995), The Driving Power (2003),and The Conqueror's Story (2004). [7]
The Ting Hai effect has led to Adam Cheng attracting much attention from the press. Whenever a new film or television series starring Cheng is about to be broadcast,some stockbrokers and investors in Hong Kong anticipate a drop in the market. Cheng himself does not believe that he is the cause of the stock prices falling but has come to terms with the phenomenon. [4]
While some investors have argued that the effect is no more than a series of coincidences and amounts to nothing more than a self-fulfilling prophecy, [16] the phenomenon is regarded by some[ who? ] as more than coincidental. The French bank Crédit Lyonnais wrote a report on it. [17]
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The Greed of Man is a Hong Kong television series first broadcast on TVB Jade in 1992. The story,spanning three decades from the 1970s to the 1990s in Hong Kong and Taiwan,addresses various social and financial phenomena of the times,from triad violence to corruption in the Hong Kong Stock Exchange. It featured a top roster cast,including veteran TVB actors Adam Cheng and Damian Lau and award-winning actor Sean Lau. The series is also well remembered for a Hong Kong stock market cultural phenomenon called the "Ting Hai effect". In 2022,the drama was selected as one of ten classic TVB dramas being honoured for a new Youku and TVB programme.
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