Pop Mart shares declined by the most since April on Monday as fears mounted that the success of Labubu, its toothy-grinned furry elf doll, was running out of steam.
The Hong Kong-listed shares of the Beijing-based toy company fell nearly 9 per cent in early trading — the biggest intraday drop since just after US President Donald Trump’s “liberation day” tariffs announcement in April — before paring losses to be down about 7 per cent.
The declines took the stock’s losses to more than 10 per cent since last Monday, though it is still up more than 180 per cent year to date.
您已阅读45%（575字），剩余55%（700字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。