Pop Mart Shares Fall to One-and-a-Half-Year Low; Analysts Say Market Is Fairly Pessimistic About Sales Data

Pop Mart fell as much as 5.8% in Hong Kong on Tuesday, hitting an intraday low since April 2025. Analysts said the market is rather pessimistic about the company's third-quarter sales data. Jeff Zhang, an Asian equity analyst at Morningstar, said that based on third-party monitoring data, Pop Mart's third-quarter sales fell more than 50% year on year; in addition, the company has yet to confirm the date of its earnings release, amplifying investor concerns. Pop Mart fell 4.6% to HK$135.60, among the biggest decliners among Hang Seng Index constituents; the Hang Seng Index fell 0.9%.