Hong Kong pro-democracy activists are using all possible levers to stand up to Beijing. Finance has thus become a weapon for those who want to show their disapproval of the arrest on Monday of the press boss and protagonist of the protest, Jimmy Lai. The share price of the Hong Kong press group Next Digital has thus increased ninefold since the police operation against the media.
The title of Next Digital, parent company of the Apple Daily, a notoriously critical Beijing tabloid, rose in session by 214% to 0.80 Hong Kong dollar on Tuesday, which means that the stock is up 788% since Monday morning. The share was then worth 0.09 HKD.
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