HK’s Next Digital soars as activists rally support for arrested tycoon Jimmy Lai
HONG KONG (Reuters) – Shares in media company Next Digital <0282.HK> surged more than 340% on Monday as supporters of its chairman Jimmy Lai, a staunch democracy activist, scooped up the stock after he was arrested under Hong Kong’s new national security law.
Lai, a critic of Beijing, is the highest profile person to be arrested under the legislation. He was detained on suspicion of colluding with foreign forces, a crime punishable by up to life in prison.
After initially falling by almo…
