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Further, the recent trading debut of psychedelic cosmetics brand, Algo Ping, in Hong Kong is noteworthy. Launched at a time when the central government vowing to boost consumption is particularly timely, the IPO could catalyze further investment interest in the domestic market.

The Need for Comprehensive Economic Strategy

Despite the apparent rally in response to the stimulus measures, analysts remain cautious. The crux of the matter lies in whether the policies will translate into tangible results in the domestic economy, particularly in sectors like real estate and consumer spending, which have been under dire stress.