Pop Mart shares closed down 8.49%, amid market concerns about slowing overseas sales.

Pop Mart's stock price suffered its biggest drop in six weeks, as market concerns over weaker-than-expected overseas sales fueled a surge in short selling, and analysts expressed doubts about its growth momentum. Pop Mart (09992.HK) shares continued their downward trend, closing down 8.49% at HK$200.4, after falling as low as HK$199 during the session, marking its largest drop in six weeks. Market concerns intensified regarding its overseas sales performance, particularly the possibility of weaker-than-expected sales figures during the US "Black Friday" period. Data shows that since December 2nd, short selling of the company has surged from HK$241 million to HK$623 million, indicating a significant increase in bearish sentiment.