Chagee fell 0.3%, Auntea Jenny fell 3.9%. The two moved in a similar direction but with different magnitudes of decline—Auntea Jenny's drop was larger in the Hong Kong market, possibly dragged down by overall Hong Kong market sentiment; Chagee was steadier in the US market, with its overseas expansion narrative still providing some premium. The restaurant sector has been generally weak recently, and the pace of consumption recovery is slower than expected 😔
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