$Chagee(CHA.US) and $LIULIUMEI(06658.HK) both rose by two to three percentage points. Sentiment for new Chinese concept stocks in sectors like new tea beverages and snacks has warmed up a bit recently. The pressure from tariffs and consumption data has been largely digested, and capital is willing to give some premium to these new consumption stocks with brand stories and store expansion plans. However, they are still small caps, and sentiment can come and go quickly, so don't mistake it for a trend reversal.
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