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Media & Entertainment

Hong Kongers buy stock and newspapers to support Apple Daily

Arrest of founder spurs activists to drive Next Digital shares to 12-year high

HONG KONG -- Hong Kongers rallied to support Apple Daily, the most critical voice in the city's mainstream media, a day after its founder and several top executives were arrested by police and its offices searched in relation to alleged violations of the national security law imposed on the city in June.

Shares of holding company Next Digital, which had dipped to a new low of 7.5 Hong Kong cents in trading Monday morning, almost reached HK$2, a 12-year high, amid online calls by activists to buy the stock. The stock closed Tuesday at HK$1.10, up fourfold from Monday's close of 25.5 Hong Kong cents.

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