Pop Mart at all-time high after Labubu doll sells for a record price at auction

** Shares of China's pop toy products maker and supplier Pop Mart International 9992 rise 4.2% to HK$269.6, their highest since debut in December 2020, and on track for a fourth consecutive session of gain

** A Beijing auction house sold a human-sized Labubu figure for 1.08 million yuan ($150,275.51) on Tuesday, setting a new record for the "blind box" toy as it moves from craze to collectable

** The event held by Yongle International Auction, which specialises in modern art and jewellery, marked the first ever auction dedicated to Labubu, toothy monster figurines that are mainly sold by China's toy company Pop Mart and have been at the centre of a global frenzy for the past year

** Hang Seng Commerce & Industry Index HHSCI adds 0.8%, Hang Seng Index HSI gains 0.9%

** YTD, stock up 196.9%