6 days ago
Laopu Gold Soars 2,300% to Become Hong Kong's Priciest Stock
A breathtaking rally in Laopu Gold Co. has pushed its stock price to above HK$1,000 ($127), a rare milestone that reflects the jewelry maker's emergence as the new face of Chinese luxury.
The stock has soared more than 2,300% since its listing in late June 2024, trouncing more than 500 peers in Hang Seng Composite Index during the period. At HK$1,000 per share on Thursday, it far surpasses the second-most expensive stock in the financial hub: bubble tea marker Mixue Group which is trading at just above HK$600.
