diff --git a/dev/lib/index.js b/dev/lib/index.js
index 2209f8b..6ec0383 100644
--- a/dev/lib/index.js
+++ b/dev/lib/index.js
@@ -247,6 +247,7 @@ function compiler(options) {
       characterReferenceMarkerHexadecimal: onexitcharacterreferencemarker,
       characterReferenceMarkerNumeric: onexitcharacterreferencemarker,
       characterReferenceValue: onexitcharacterreferencevalue,
+      characterReference: onexitcharacterreference,
       codeFenced: closer(onexitcodefenced),
       codeFencedFence: onexitcodefencedfence,
       codeFencedFenceInfo: onexitcodefencedfenceinfo,
@@ -1201,11 +1202,20 @@ function compiler(options) {
       value = result
     }
 
-    const tail = this.stack.pop()
+    const tail = this.stack[this.stack.length - 1]
     assert(tail, 'expected `node`')
-    assert(tail.position, 'expected `node.position`')
     assert('value' in tail, 'expected `node.value`')
     tail.value += value
+  }
+
+  /**
+   * @this {CompileContext}
+   * @type {Handle}
+   */
+  function onexitcharacterreference(token) {
+    const tail = this.stack.pop()
+    assert(tail, 'expected `node`')
+    assert(tail.position, 'expected `node.position`')
     tail.position.end = point(token.end)
   }
 
diff --git a/test/fixtures/link-reference-with-phrasing.json b/test/fixtures/link-reference-with-phrasing.json
index bc3a1c6..f87d488 100644
--- a/test/fixtures/link-reference-with-phrasing.json
+++ b/test/fixtures/link-reference-with-phrasing.json
@@ -36,8 +36,8 @@
               "offset": 7
             }
           },
-          "identifier": "`f`",
           "label": "`f`",
+          "identifier": "`f`",
           "referenceType": "collapsed"
         },
         {
@@ -70,8 +70,8 @@
                 },
                 "end": {
                   "line": 2,
-                  "column": 7,
-                  "offset": 14
+                  "column": 8,
+                  "offset": 15
                 }
               }
             }
@@ -88,8 +88,8 @@
               "offset": 18
             }
           },
-          "identifier": ";",
           "label": ";",
+          "identifier": ";",
           "referenceType": "collapsed"
         },
         {
@@ -140,8 +140,8 @@
               "offset": 25
             }
           },
-          "identifier": "\\;",
           "label": ";",
+          "identifier": "\\;",
           "referenceType": "collapsed"
         },
         {
@@ -192,8 +192,8 @@
               "offset": 31
             }
           },
-          "identifier": ";",
           "label": ";",
+          "identifier": ";",
           "referenceType": "collapsed"
         },
         {
@@ -242,8 +242,8 @@
                 },
                 "end": {
                   "line": 5,
-                  "column": 10,
-                  "offset": 41
+                  "column": 11,
+                  "offset": 42
                 }
               }
             }
@@ -260,8 +260,8 @@
               "offset": 45
             }
           },
-          "identifier": "`f`;",
           "label": "`f`;",
+          "identifier": "`f`;",
           "referenceType": "collapsed"
         },
         {
@@ -328,8 +328,8 @@
               "offset": 55
             }
           },
-          "identifier": "`f`\\;",
           "label": "`f`;",
+          "identifier": "`f`\\;",
           "referenceType": "collapsed"
         },
         {
@@ -396,8 +396,8 @@
               "offset": 64
             }
           },
-          "identifier": "`f`;",
           "label": "`f`;",
+          "identifier": "`f`;",
           "referenceType": "collapsed"
         }
       ],
diff --git a/test/index.js b/test/index.js
index ad6d766..83c6d45 100644
--- a/test/index.js
+++ b/test/index.js
@@ -4,6 +4,7 @@
 
 import assert from 'node:assert/strict'
 import fs from 'node:fs/promises'
+import process from 'node:process'
 import test from 'node:test'
 import {commonmark} from 'commonmark.json'
 import {fromHtml} from 'hast-util-from-html'
@@ -1029,6 +1030,10 @@ test('fixtures', async function (t) {
       let expected
 
       try {
+        if ('UPDATE' in process.env) {
+          throw new Error('Update')
+        }
+
         expected = JSON.parse(String(await fs.readFile(fp)))
       } catch {
         // New fixture.