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Cathie Wood Copycats Trigger $3 Billion Surge in Ping An Health

Cathie Wood’s $6.8 million bet on Ping An Healthcare & Technology Co. unleashed a flood of buy orders from copycat investors on Thursday, lifting the company’s market value by a record $3.3 billion.

It was the latest example of Wood’s extraordinary power to move markets. Trades by her Ark Investment Management -- some of which are reported to the public daily -- have become closely scrutinized by investors after several of Ark’s funds trounced benchmark indexes over the past year.