JS Global Life (01691) surged more than 10% in the afternoon session. As of press time, the stock was up 9.79% at HK$1.795, with a turnover of HK$10.7103 million.

On the news front, on September 28, the Ministry of Commerce announced details regarding the China-U.S. Trade Council and the "300 billion versus 300 billion" reciprocal tax reduction framework. Reporters interviewed multiple listed companies with export operations to the United States in industries such as toys, home appliances, and kitchen and bathroom products. Although the specific details of the reciprocal tax reduction between China and the U.S. have not yet been published, several companies interviewed indicated that the matter represents a marginal positive signal worth monitoring.

China Renaissance Securities pointed out that the China-U.S. tax reduction agreement has catalyzed short-term sentiment, and the company's Asia-Pacific business is expected to achieve rapid expansion. Huatai Securities stated that the company is currently in a strategic investment phase of "trading expenses for market share," and emerging markets offer significant growth potential. In the medium to long term, the brokerage is bullish on JS Global Life's SharkNinja Asia-Pacific division continuously strengthening its profitability by leveraging economies of scale, while the Joyoung segment is expected to gradually release profit elasticity as terminal demand improves. Huatai Securities maintained a "Buy" rating on the stock.