Is the Labubu Craze Fading? Maker Pop Mart’s Stock Tumbles After HK Index Entry

Sawayasu Tsuji / Getty Images Labubu maker Pop Mart became a member of the benchmark Hang Seng Index and the Hang Seng China Enterprises Index KEY TAKEAWAYS Shares in the Labubu doll maker Pop Mart International Group Ltd. tumbled in Hong Kong amid profit-taking after the company was added to the benchmark index and amid concerns that Pop Mart may not be able to keep rolling out hip collectible toys. Pop Mart became a member of Hong Kong’s benchmark Hang Seng Index and the Hang Seng China Enterprises I ...