Pop Mart Stock Surges on November 27, 2025 as Labubu Goes Mainstream: 9992.HK & PMRTY Latest News and Outlook
Pop Mart shares jumped 8.9% to HK$222.80 in Hong Kong Thursday, with market cap near HK$272 billion, after its Labubu character debuted at the Macy’s Thanksgiving Day Parade in New York. The Hang Seng Index rose 0.4% on renewed Fed rate-cut hopes. A 30,000-share block trade at HK$224.20 suggested profit-taking as the stock spiked. Pop Mart’s US ADR traded around US$26, up 2% on the day.
