Labubu maker Pop Mart, China Telecom, JD Logistics to be added to Hang Seng Index

Labubu maker Pop Mart International (9992), China Telecom (0728), and JD Logistics (2618) will be added to the Hang Seng Index, effective on September 8, Hang Seng Indexes Company said. 

The total number of constituents of the benchmark index will increase from 85 to 88 following the change.

Pop Mart will have a weighting of 1.44 percent in the HSI – higher than that of Kuaishou Technology (1024) and JD.com (9618). Weightings of China Telecom and JD Logistics will be 0.51 percent and 0.22 percent, respectively. 

The toymaker will also be included in the Hang Seng China Enterprises Index while J&T Global (1519) will be kicked out from the gauge. 

Pop Mart’s shares closed up 0.2 percent before the results of the index review. They have surged over 250 percent this year, giving it a market value of more than HK$430 billion.

There is no change to the Hang Seng Tech Index.