Pop Mart Shares Fall on Demand Concern, Post-Index Entry Selling

Pop Mart International Group Ltd.’s shares tumbled, reflecting concerns over product demand for the Chinese toy maker and profit taking after the stock’s inclusion into two major indexes.

The Labubu doll-producer’s Hong Kong-listed stock fell as much as 8.9%, the most in five months, as it became a member of the Hang Seng Index and the Hang Seng China Enterprises Index on Monday.