Shares in Jimmy Lai’s Next Digital soar in wake of Hong Kong arrest


Source: telegraph.co.uk telegraph.co.uk

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Shares in the media group owned by Jimmy Lai soared on Monday after online posts encouraged investors to support the publisher arrested under the city's controversial new national security legilsation. Next Digital stock skyrocketed by 260pc after dismayed activists used Hong Kong's LIHKG forum to call on investors to support the company. Mr Lai was arrested on Monday along with other executives of the company in the highest-profile detentions since the draconian legislation was imposed by Beijing in June. Hong Kong police said the men had been arrested on suspicion of "colluding with foreign powers" and raided the publisher's headquarters....