HK Stock Market Move | FIH (02981) surged over 30% in the afternoon. The company's stock was included in the Hong Kong Stock Connect after a share consolidation. The merger is expected to enhance attractiveness.

FIH (02981) surged more than 30% in the afternoon, up 29.29% as of the time of publication, at HK$10.86, with a turnover of HK$524.58 million. On the news front, the Shenzhen Stock Exchange announced that due to FIH's share consolidation, stock connect will adjust 02981 into the system and remove 02038. FIH (02038) had previously announced a proposed 10-for-1 share consolidation, which will take effect on May 20. The company stated that it hopes to enhance attractiveness through the share consolidation, encouraging investors to invest in the consolidated shares, and expanding the shareholder base of institutions and professional investors. It is worth noting that on May 19, NVIDIA CEO Jensen Huang announced in his opening speech at Computex2025 that NVIDIA will join forces with TSMC and Foxconn to establish an AI supercomputer in Taiwan, China. In addition, Foxconn recently injected $1.5 billion into its Indian business through its Singapore subsidiary, with industry insiders widely believing that this capital will mainly be used to expand Apple-related manufacturing operations, especially in the capacity expansion of iPhone assembly plants in regions like Tamil Nadu in southern India.