$LI NING(02331.HK) fell more than three percentage points, $ANTA SPORTS(02020.HK) and $CTG DUTY-FREE(01880.HK) also declined slightly. This wave of Chinese consumer stocks has weakened together 😔
The sportswear and duty-free sectors rely on the recovery of domestic consumer confidence. Recent sales data and consumption expectations have been lukewarm, making it difficult for the sector to have an independent rally. $LI NING(02331.HK) is more volatile and fell significantly, while ANTA and CTG are relatively more stable. Overall, they are still grinding along with the slow pace of the consumption recovery.
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