HK Stock Market Move | Sports equipment stocks surged, XTEP INT'L (01368) rose more than 6%, ANTA SPORTS (02020) rose nearly 5%.

In the sports goods sector, as of the time of writing, XTEP INT'L (01368) rose by 6.22% to HK$4.95; ANTA SPORTS (02020) rose by 4.74% to HK$80.7; POU SHENG INT'L (03813) rose by 3.09% to HK$0.5; LI NING (02331) rose by 2.66% to HK$14.66. On the news front, BOCOM INTL pointed out that most of the companies covered by the bank do not rely on exports to the United States. Industries such as sports goods (such as ANTA and LI NING) mainly source their raw materials domestically and operate primarily in Chinese and Asian markets. Founder also noted that the magnitude and intensity of the US retaliatory tariffs this time exceeded market expectations. With exports, investment, and consumption being the three driving forces of economic growth, in the face of export pressures, more proactive fiscal and monetary support policies are worth looking forward to, and the subsequent policies to stimulate consumption and boost domestic demand are expected to continue to be implemented, promoting steady improvement in the domestic economy. Morgan Stanley previously reported that there has been a mild improvement in demand for sports apparel in China since the beginning of the year, with industry discounts expected to improve starting from the second quarter. Once the market inventory clearance is basically completed by the second quarter of 2025, industry prices are expected to rebound, and the Chinese sports apparel market is expected to continue to recover. It is expected that niche and high-end brands may continue to outperform mainstream brands, and the industry consensus seems to indicate that Nike's destocking in China is expected to be completed around April.