HK Stock Market Move | The mobile phone industry chain rose in the morning, with Huawei's Mate70 series surpassing one million pre-orders. Product innovation is expected to drive the market and supply chain in the fourth quarter.

In the morning session, the mobile phone industry chain rose. As of the time of publication, Q TECH (01478) rose by 5.66% to 5.23 Hong Kong dollars; Sunny Optical (02382) rose by 4.61% to 57.9 Hong Kong dollars; BYD ELECTRONIC (00285) rose by 4.04% to 29.6 Hong Kong dollars; COWELL (01415) rose by 2.25% to 25 Hong Kong dollars. On the news front, Huawei officially announced on its official Weibo account that the Huawei Mate70 series will debut at the Mate brand ceremony on November 26th at 14:30. Yesterday, pre-orders for the Huawei Mate70 series officially opened, with over a million reservations in just over an hour. Tianfeng stated that it is optimistic about product innovation driving the smartphone market and related supply chains strongly in the fourth quarter. Huafu Securities said that consumer electronics are in the innovation cycle driven by AI, with the arrival of industry giants' new products as a continuous turning point. In addition, the issue of potential tariffs under the Trump administration can be controlled for the supply chain. Previously, during Trump's presidency, products such as the iPhone, iPad, and Apple Watch from Apple received tariff exemptions. In the global consumer electronics manufacturing industry, domestic companies have a clear advantage. Moreover, domestic companies have already set up production capacity in overseas areas such as Vietnam and Thailand, so even if tariffs are imposed, the actual impact on the companies' operations would be limited.