Pop Mart Stock Surges After Tim Cook's Visit
Pop Mart International (HK:9992) saw a sharp rise in its shares on Tuesday following Apple (NASDAQ:AAPL) CEO Tim Cook's surprise visit to an exhibition celebrating the toymaker's popular Labubu figures in Shanghai.
Cook met with Pop Mart founder and CEO Wang Ning, as well as Labubu's designer Kasing Lung, during the event marking the 10th anniversary of the beloved toy line.
Pop Mart's stock climbed as much as 6% before settling up 2.5% at HK$267.40 by 22:41 ET (02:41 GMT), outperforming the Hang Seng Index, which dipped 0.3%.
Source: Austin Community College, CC BY 2.0, via Wikimedia Commons
Author's summary: Pop Mart's stock rises after Tim Cook's visit.
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