HK Stock Market Move | Catering stocks generally rose, XIAOCAIYUAN (00999) surged more than 10%, and MIXUE GROUP (02097) rose more than 7% to reach a new high.

The catering stocks generally rose, as of press time, XIAOCAIYUAN (00999) rose 10.08% to HK$10.16; GUMING (01364) rose 7.44% to HK$18.2; MIXUE GROUP (02097) rose 7.23% to HK$471.4; XIABUXIABU (00520) rose 3.17% to HK$0.65. On the news front, Minister of Commerce Wang Wentao wrote in the "Seeking Truth" magazine that various measures will be taken to expand service consumption and promote orderly opening in multiple areas. Industrial Fund of Industrial and Commercial Bank of China noted that due to the impact of tariffs, global economic uncertainty has increased, market expectations for boosting consumption and expanding domestic demand have risen, combined with factors such as market style "high and low", the consumer sector has recently seen an increase. For the catering industry, the catering scene has been relatively suppressed in the past few years, and currently, several regions such as Shanghai and Beijing have implemented catering consumption vouchers as a pilot, which may become an important stimulus direction for service consumption. Sinolink also stated that US tariffs may push domestic demand expansion and the positive impact from the combination of consumer stimulation policies that have been implemented since the beginning of the year, with catering, tourism, and other service sectors representing domestic service consumption possibly benefiting directly.