HK Stock Market Move | CHONGQING M&E (02722) surged over 8% at the close, hitting a record high. The North American power shortage logic continues to deepen.

Chongqing M&E (02722) rose more than 8% in the final trading session, hitting a high of 3.68 Hong Kong dollars, a new historical record. As of the time of publication, it had risen by 8.55% to 3.68 Hong Kong dollars, with a trading volume of 107 million Hong Kong dollars. On the news front, it was reported that several US technology giants are planning to visit the White House next week to meet with President Trump, during which they will sign written documents committing to supply or purchase the electricity needed for artificial intelligence data centers. EB Securities believes that the power shortage in the US has increased the demand for power system reliability, and gas turbines, power equipment, and other sectors are expected to benefit fully. Industrial previously pointed out that Chongqing M&E is also involved in Chongqing Cummins and Chongqing Hitachi Energy, and the two major growth segments in the future will benefit from data center and power grid construction.