Labubu maker Pop Mart surges 10% in Hong Kong on US$32 million buy-back
Shares of Chinese toymaker Pop Mart rallied nearly 10 per cent on Tuesday morning after the company announced its first share buy-back in nearly two years, following a decline from last year’s peak. Pop Mart’s Hong Kong-listed shares rose to HK$198.70 at the open as investors welcomed the move. Shares were up 8.5 per cent at HK$196.10 at the noon break. The stock remains below last year’s closing level of HK$200.20, and about 42 per cent off its August peak, suggesting softer momentum amid... [Continue Reading]
