HK’s Next Digital hits 12-year high after campaign to support arrested owner
HONG KONG (Reuters) – Shares of media group Next Digital Ltd (0282.HK) hit their highest since Sept. 2008 on Tuesday, spurred by an online campaign to show support for its detained owner, Hong Kong media tycoon Jimmy Lai.
At their height, shares rose 668.6% to HK$1.96 on Tuesday. They retreated to around HK$1.50, but still led gains on the Hong Kong bourse as the third most actively traded stock. Since the close on Friday, they have gained more 2,078%.
Police on Monday detained Lai, along wi…