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Hong Kong media company's shares jump 1000% after founder's arrest
short by Krishna Veera Vanamali / on Tuesday, 11 August, 2020
Media company Next Digital's stock surged over 1,000% in two days as supporters of its Founder and Chairman Jimmy Lai, a pro-democracy activist, bought the shares after he was arrested under Hong Kong's new national security law. Online pro-democracy forums urged people to continue buying the stock as well as copies of the 71-year-old's flagship newspaper Apple Daily.
read more at Bloomberg Quint