Mixue Group (02097.HK) shares surged 7.78% during intraday trading on Friday, as part of a broader rally among Chinese bubble tea makers listed in Hong Kong. The stock's significant uptick aligns with the overall positive sentiment in the sector.

The bubble tea industry saw a notable boost in investor confidence, with several key players experiencing substantial gains. Mixue Group's impressive performance was in line with the sector-wide trend, reflecting growing optimism in the Chinese beverage market.

Other companies in the sector also posted significant gains. Guming Holdings led the pack with a remarkable 14% increase, while Nayuki matched Mixue Group's performance with an approximate 7% rise. Auntea Jenny and Chabaidao also benefited from the positive momentum, each climbing about 4%. This synchronized upward movement suggests a strong market sentiment towards Chinese bubble tea makers, potentially driven by favorable industry outlook or positive consumer trends.