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Tariff risks raise concerns! The three major indices in the Hong Kong stock market show mixed performance, with cryptos concept stocks leading the decline.
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Hong Kong stocks move | Dining stocks rose in the morning as many places issued consumer vouchers to stimulate spending. Institutions claim there is further room for recovery in dining consumption.
The dining stocks rose in the morning session, as of the time of writing, Nayuki Tea (02150) rose by 5.04% to HK$1.46; DPC Dash (01405) rose by 4.32% to HK$76.15; Jiumaojiu (09922) rose by 2.91% to HK$3.18; Yum China (09987) rose by 2.88% to HK$371.2; Haidilao (06862) rose by 2.31% to HK$15.04.
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[Hong Kong Stock Connect] Naixue's Tea (02150) 'Fresh Fruit Tea' series products accounted for a 16.4 percentage point increase in overall sales volume year-on-year.
Golden News | Naixue Tea (02150) announced the latest business situation of the group. The group continues to advance its "health global strategy" and officially launched the first "no sugar fresh fruit tea" series in the freshly made tea industry on October 10. At the same time, the first product of this series, "No Sugar - Naixue Black Grape," was launched. The group mentioned that within one month of its launch date, Naixue Tea stores have sold over 1.8 million cups of "No Sugar - Naixue Black Grape" and over 3.1 million cups of the "No Sugar Fresh Fruit Tea" series, driving an overall increase in sales of the "Fresh Fruit Tea" series products. The "Fresh Fruit Tea" series products account for a higher proportion of all beverage sales compared to before.
Hong Kong stock market anomaly | Dining stocks lead the gains. The Ministry of Commerce stated that new consumer policies will be introduced, with the recovery of consumer confidence potentially driving a reevaluation of the industry's valuation.
Among dining stocks, as of the time of publication, Yum China (09987) increased by 7.15% to HK$386.4; Nayuki Tea (02150) increased by 3.36% to HK$1.54; DPC Dash (01405) increased by 2.51% to HK$65.25; Jiumaojiu (09922) increased by 2.31% to HK$3.55.