Shares of HAIDILAO, a renowned Chinese hot pot chain, surged 11.4% on Wednesday, propelled by positive sentiment surrounding China's potential move to inject up to 1 trillion yuan ($142 billion) into its major state banks to bolster the struggling economy.
The potential capital injection comes as China's central bank recently unveiled a comprehensive package of monetary stimulus measures. The news fueled optimism across various sectors, with the broader Hang Seng Tech Index gaining 4% and e-commerce giants like JD.com and Alibaba rallying by 6.4% and 5.2%, respectively.
Analysts suggest that the anticipated fiscal measures, combined with the recent monetary easing, could provide a much-needed boost to domestic consumption and economic recovery. As a prominent player in the consumer discretionary sector, HAIDILAO stands to benefit from improved consumer sentiment and increased spending on dining and leisure activities.
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