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Hong Kong stocks are moving unusually | Dining stocks are rising across the board as multiple regions plan to introduce special action plans to boost consumer spending. In March, the growth rate of dining retail sales accelerated.
Dining stocks are rising across the board. As of the time of this report, YUM CHINA (09987) is up 8.36%, trading at 360.2 Hong Kong dollars; XIABUXIABU (00520) is up 6.15%, trading at 0.69 Hong Kong dollars; Naixue's Tea (02150) is up 5.26%, trading at 1 Hong Kong dollar; JIUMAOJIU (09922) is up 2.71%, trading at 2.65 Hong Kong dollars.
Where is the safe haven under the tariff war? Wall Street has found a "paradise": Asia Consumer stocks.
① Goldman Sachs and Morgan Stanley's strategists both recommended the Consumer Sector in Asia in their report published after the tariff war on April 2, urging investors to shift to defensive positions; ② Fidelity International specifically stated that the company has made a Buy on Chinese consumer stocks that had previously been affected, betting that these companies will benefit from stimulus policies.
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