Pop Mart, Bloks Share Declines May Signal Sector Rotation -- Market Talk
Dow Jones
Sep 08
0852 GMT - Share declines of Pop Mart and peer Bloks may suggest investors are rotating out of the pop-culture sector, Morningstar analyst Jeff Zhang says. Pop Mart fell 7.1% while brick-based toy maker Bloks dropped 2.0%. Secondary-market prices for Pop Mart's Labubu toys are weakening amid restocking and softer demand for some series, the analyst says. Pop Mart has launched mini keychain Labubus to sustain momentum, but negative feedback on product quality is rising--an issue that management needs to address quickly, he adds. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
September 08, 2025 04:52 ET (08:52 GMT)
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