智通财经APP获悉，体育用品股普涨，截至发稿，特步国际(01368)涨6.22%，报4.95港元；安踏体育(02020)涨4.74%，报80.7港元；宝胜国际(03813)涨3.09%，报0.5港元；李宁(02331)涨2.66%，报14.66港元。
消息面上，交银国际指出，该行覆盖的大多数公司不依赖出口美国，其中包括体育用品（如安踏、李宁）在内的行业主要原材料为国内采购，且主要经营市场为中国和亚洲市场。方正证券指出，此次美国对等关税幅度、力度均超市场预期。出口、投资、消费作为拉动经济增长的三驾马车，出口承压背景下，更加积极的财政、货币支持政策值得期待，后续促消费提振内需政策有望持续加码落地，推动国内经济平稳向好。
摩根士丹利此前研报称，年初至今中国运动服饰需求出现温和改善，产业折扣预计将从第二季开始改善，一旦在2025年第二季度市场库存清理基本完成，应能看到行业价格回升，预计中国运动服饰市场将持续复苏，预计小众及高端品牌表现可能会继续超越主流品牌，业界共识似乎显示Nike在中国的去库存化预计或在4月左右时间完成。
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