Most industry sectors ended higher, with jewelry, beauty care, precious metals, and household light industries leading the gains, alongside strong performances in chemical pharmaceuticals, gaming, biotech, and diversified financial services. However, the automobile and steel sectors bucked the trend, closing lower amid ongoing supply chain adjustments and raw material price volatility. The divergence reflects shifting investor focus toward defensive consumer staples and growth-oriented healthcare plays, while cyclical industries face profit-taking pressure.
Jiangsu Province has emerged as an unexpected hotspot for sports-related content, with the Douyin hashtag JiangsuCityLeague surpassing 100 million views—over 70% driven by user-generated amateur videos. Concurrently, Hupu’s “Jiangsu” channel achieved record-breaking traffic exceeding one million daily engagements. The frenzy extends to ticket sales, with prices ranging from 10 to 500 yuan selling rapidly, underscoring robust grassroots demand for live sports events.
Securities firms highlight accelerating policy support for the sports sector, with Galaxy Securities noting expanded government initiatives to scale up the industry. Tianfeng Securities emphasized the long-term sustainability of sports goods manufacturing, while GF Securities pointed to convergence opportunities with tech, culture, and tourism—a trend expected to create new revenue streams. The bullish outlook follows recent guidelines promoting “sports+” integration, positioning Jiangsu’s viral momentum as a microcosm of broader sector potential.
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