美股存儲板塊集體下跌，鎧俠美股ADR跌超14%。

At Wuliangye’s 2025 shareholders’ meeting, chairman Deng Min said the baijiu sector is in a deep adjustment and requires rational assessment, but two constants remain: first, baijiu consumption fundamentals and intrinsic value are unchanged, so advantaged regions, firms and brands face greater structural opportunities than challenges; second, Wuliangye’s long-term value-growth foundation is intact — as an industry leader the company has strong operating resilience, controllable risk and is positioned to traverse the current cycle earlier and faster. Management expressed continued confidence in Wuliangye’s development.

美聯儲卡什卡利：短期來看，人工智能建設顯然是引發通脹的。