** China's Pop Mart International Group 9992.HK, which makes Labubu dolls, slips as much as 9% to HK$252, lowest since August 5
** JPMorgan downgrades to "neutral" from "overweight", citing rich valuation
** Says stock's valuation priced for perfection and any small fundamental miss or negative media reports might drive underperformance
** YTD, stock soars ~180%
(Reporting by Shanghai newsroom)
((samuel.shen@tr.com))
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