HK Stock Market Move | AXERA (00600) rose over 10% as the company officially entered the Hong Kong Stock Connect and recently launched the M9 series of high-end intelligent driving chips.

AXERA (00600) rose over 10%, with a current increase of 10.19%, priced at HKD 17.63, with a trading volume of HKD 49.34 million. On the news front, effective September 7, AXERA has been added to the Hong Kong Stock Connect list. After entering the Stock Connect, mainland investors can trade directly through their A-share accounts, which helps attract more investors and is expected to further enhance the company's liquidity and valuation. It is worth mentioning that on September 8, AXERA officially completed its high-end intelligent driving computing power layout, announcing the launch of two M9 series 5nm high-end intelligent driving chipsthe flagship M97 and the mainstream M95. AXERA adheres to the positioning of chip foundation and does not engage in upper-layer intelligent driving algorithm business, thus protecting the algorithm autonomy of automakers and partners. Dr. Qiu Xiaoxin, founder and chairman of AXERA, stated: We are responsible for building the computing power platform, allowing our partners to perform well.