HK Stock Market Move | TSUGAMI CHINA (01651) rose over 6% in early trading, with the expectation that liquidity will improve through Tongxin, and new Apple products are likely to enhance interest in 3C.

TSUGAMI CHINA (01651) has risen over 6% in early trading. As of this writing, it is up 5.79% at HKD 53.0, with a trading volume of HKD 33.8064 million. On the news front, according to an announcement from the Shanghai Stock Exchange, TSUGAMI CHINA has been added to the Hong Kong Stock Connect targets, effective from September 7. CICC stated that considering the significant improvement in liquidity after the company's inclusion, along with its leading position in high-end CNC machine tools, it has raised the target price by 81% to HKD 70, maintaining an "outperform industry" rating. The bank pointed out that with Apple's new product release upcoming, 3C orders have exceeded expectations. The companys typical 3C applications include foldable screen hinges, mobile phone lens rings, and metal connectors. Since April 2026, the company's 3C orders have entered a recovery phase. Apple is set to unveil its first foldable iPhone Ultra and other products on September 10, and we believe Apples new products are expected to enhance consumer interest in electronic devices.