Zhi Tong Cai Jing·2026-02-24 03:13Group 1 - China Duty Free Group (601888) shares have dropped over 9%, with a cumulative decline of more than 20% in the last three trading days, currently priced at 83.35 HKD with a trading volume of 489 million HKD [1] - According to Haikou Customs, during the first five days of the Spring Festival holiday (February 15 to 19), Hainan's offshore duty-free shopping reached 1.38 billion CNY, with 177,000 shoppers, representing a year-on-year increase of 19% and 24.6% respectively [1] - A report from Credit Lyonnais indicates that consumption in Hainan's duty-free stores remains resilient due to stronger promotional activities and policy-driven demand, although much of this has already been reflected in China Duty Free Group's stock price [1] Group 2 - The U.S. Supreme Court ruled that the International Emergency Economic Powers Act does not authorize the president to impose large-scale tariffs, which has raised concerns about global trade uncertainty [1] - Former President Trump announced plans to implement a 15% tariff globally, which has drawn criticism from the international community regarding the impact of U.S. tariff policies on market sentiment [1]