BUZZ-China's Pop Mart hits new high on Hang Seng Index inclusion

Reuters
Aug 25
BUZZ-China's <a href="https://laohu8.com/S/PMRTY">Pop Mart</a> hits new high on <a href="https://laohu8.com/S/HSNGF">Hang Seng</a> Index inclusion

** Shares of China's Pop Mart International Group 9992.HK, the maker of Labubu dolls, rise 3.3% to HK$331

** Stock hits highest level since debut in December 2020, and on track for a fourth straight session of gain

** Index complier Hang Seng Indexes Co Ltd said on Friday Pop Mart, JD Logistics 2618.HK and China Telecom 0728.HK would be included in the Hang Seng Index .HSI effective Sept 8

** Shares of JD Logistics 2618.HK jump 6.1% to HK$13.78, on track for their biggest one-day pct gain since June 25

** China Telecom 0728.HK rises 3.4% to HK$6.39, on course for its biggest one-day pct rise since March 18

** The Hang Seng Commerce & Industry Index .HSNC climbs 2.5%, the benchmark Hang Seng Index .HSI rises 2%

** YTD, Pop Mart shares have soared more than three-fold, JD Logistics up 7.6% and China Telecom up 28.5%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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