On June 16, Pop Mart fell 3.05% in regular trading, trading at 171.5 HKD/share, with turnover of 961 million HKD.

On the news front, LABUBU appeared at the FIFA World Cup opening ceremony over the weekend, becoming the first Chinese original designer toy IP invited to the event, with 599-yuan co-branded items selling over 10,000 units. However, the stock had already rallied in prior sessions, and the market is exhibiting a classic sell-the-news pattern following the event.

Additionally, the company recently announced the cancellation of its PTS Shanghai Trendy Toy Carnival originally scheduled for late July, adding to negative sentiment. Morgan Stanley previously lowered its target price from 278 HKD to 247 HKD, citing declining social media buzz for Labubu and an 18%-19% downward revision to overseas sales forecasts. Market concerns over single-IP dependency and decelerating growth continue to weigh on the stock's valuation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)