Pop Mart International Group Ltd. shares jumped the most in three months, leading a broad rally in China’s consumer stocks after Beijing announced new measures to boost spending.
The Labubu maker’s stock climbed as much as 10% after China unveiled plans to better “align” supply and demand for consumer goods, including collectible toys, to spur economic growth. Peers like Bloks Group Ltd. and Miniso Group Holding Ltd. rose more than 4%.