---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/41375533.md"
description: "Laopu Gold fell by three points, and Maogeping fell by more than four points. Both Hong Kong-listed high-end consumer stocks weakened today.Although Laopu is tied to gold, its pricing relies more on the line of brand premium, and it's a different story from gold price mining companies; Maogeping follows the growth logic of domestic beauty brands.High-end discretionary consumption is easily the first to have its valuation cut during market volatility. Is it a signal of peak consumption power or simply profit-taking? It looks more like the latter—both stocks had significant gains earlier, and there has been no turning point in their fundamentals."
datetime: "2026-06-02T10:25:14.000Z"
locales:
  - [en](https://longbridge.com/en/topics/41375533.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/41375533.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/41375533.md)
author: "[数个一二三四五](https://longbridge.com/en/profiles/27514652.md)"
---

# Laopu Gold fell by three points, and Maogeping fel…


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