Chinese consumer stocks are back in favour as Mixue rides Hong Kong IPO revival

Quick Summary:

Consumer stocks have gained 23 per cent this year, according to one Hang Seng yardstick, as DeepSeek helped with a broader market re-rating.

Part of the run-up was fuelled by improved sentiment, after DeepSeek sparked a bull run in technology stocks and the broader market.

Mixue’s IPO attracted a record HK$1.8 trillion (US$231 billion) of orders from retail investors before the Chinese fresh drinks chain started trading on Monday.

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Article Details

Author / Journalist: Yuke Xie

Category: Business

Markets: Hong Kong

Topics: Valuation Risen Consumer Hang Gained Seng Retail Stocks Trading Cent Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-03 @ 07:30:14 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 237 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 40 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26598624

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