
Mixue rose today. The consumption downgrade logic is playing out in Hong Kong-listed China concept stocks, and there is capital following this trend.
Old Shop Gold and Costco were basically flat today. It's normal for defensive consumption to be stagnant in this market.
Avis fell nearly 3%. The sharp rise in oil prices puts pressure on the cost side of the car rental industry. The transmission effect is slow, but it's still there.
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