Hong Kong activists became stock traders on Monday in support of local media tycoon Jimmy Lai, whom authorities arrested for allegedly breaking the city’s strict new national security law. Shares in Next Digital, Lai’s tabloid media group, rose up to 344% in afternoon trade after pro-democracy activists urged investors to buy in, reports the Financial Times. Police detained Lai alongside nine others under a new Beijing directive aimed at curtailing foreign influence and secessionist activities in Hong Kong, now a focal point for China’s rocky international relations. [Read: Kodak stock sinks 45% after alleged insider trading halts its pharma pivot] One activist-trader,…
This story continues at The Next Web
Beijing arrested a pro-democracy media tycoon in Hong Kong — then his stock quadrupled
The Next Web
0 shares
1 views
You might like
Related news coverage
Hong Kong media exec says HSBC accounts frozen after arrest
Energy Daily
Hong Kong (AFP) Aug 27, 2020
A top Hong Kong media executive said Thursday that HSBC had frozen his account after he and..
Advertisement
More coverage
Wall Street shares positive at lunch with Nasdaq in focus despite jobs market
Proactive Investors
12:50pm: Wall Street higher Wall Street stocks were in positive territory around lunchtime despite the earlier report showing a..
-
Wall Street mixed as weekly jobless figure creeps back above one million; FTSE 100 finishes lower
Proactive Investors
-
Wall Street opens in the red as weekly jobless figure creeps back above one million
Proactive Investors
-
Wall Street heads for mixed start
Proactive Investors
-
Jimmy Lai, the testy tycoon defying Beijing
FT.com