Labubu maker Pop Mart rallies as new toy trend and state media spotlight spark confidence

AI Summary
Pop Mart's shares surged after positive developments, including a state media interview with CEO Wang Ning and the viral success of a new "wooden fish" toy from the Pucky line. Wang's interview, released by Xinhua news agency, highlighted his long-term vision for the company and was interpreted as a sign of official recognition. The Hong Kong-listed toymaker's stock price increased significantly, extending weekly gains to 23%. This rally was further supported by a recent share buy-back program where Pop Mart repurchased 1.4 million shares. Analysts attribute the positive market movement to improving investor sentiment towards the company and its novelty-driven products.
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