Beijing Arrested A Pro Democracy Media Tycoon In Hong Kong Then His Stock Quadrupled
Shares in Next Digital, Lai’s tabloid media group, rose up to 344% in afternoon trade after pro-democracy activists urged investors to buy in, reports the Financial Times. Police detained Lai alongside nine others under a new Beijing directive aimed at curtailing foreign influence and secessionist activities in Hong Kong, now a focal point for China’s rocky international relations. [Read: Kodak stock sinks 45% after alleged insider trading halts its pharma pivot] One activist-trader, a columnist for Next Digital’s Apple Daily, reportedly profited around HK$75,000 ($9,700) after buying (and selling) 1....