HONG KONG ARREST TYCOON’S SHARES SOAR

SHARES in Hong Kong tycoon Jimmy Lai’s media company have surged more than 1500% over two days as his pro-democracy supporters buy up the stock as a protest over his arrest.

Next Digital’s stock hit a seven-year high as retail investors — who co-ordinated the spike via online forums — piled in, making small single trades. Lai, a prominent government critic, was arrested yesterday under the city’s new national security laws.