HK Stock Market Move | Most optical communication concept stocks are rising, with CREALIGHTS (01191) up over 9% and Cig Shanghai (06166) up over 5%.

Optical communication concept stocks are rising. As of press time, CREALIGHTS (01191) is up 9.04% at HK$139.9; Cig Shanghai (06166) is up 5.67% at HK$119.2; Zhongji Innolight (03308) is up 4.85% at HK$1,124; YOFC (06869) is up 1.77% at HK$178.4. On the news front, last Friday's unexpectedly weak U.S. September nonfarm payrolls dampened expectations for an October rate hike, sending U.S. optical communication and other tech stocks sharply higher across the board. Notably, Morgan Stanley released a telecom and networking equipment industry research report on October 1, with the core judgment that U.S. FCC restrictions on Chinese-made optical modules are most likely to take effect in the 3.2T generation, but a "U.S. content exemption" pathway exists. The overall landscape is favorable for Lumentum and Coherent, rather than constituting a comprehensive ban on Chinese optical module manufacturers. A CICC research report states that the high prosperity of the optical communication industry in 2027 is increasingly certain. Based on this year's trade show research, order backlogs for some high-speed optical chip companies have extended to 2028 and beyond, while optical module order visibility covers 2027 and beyond; leading optical module manufacturers are actively locking in core materials such as DSP, mSAP PCB, and high-speed optical chips. Zhongtai points out that overall, the industry remains in an upward prosperity cycle, with subsequent focus on the sustainability of AI capital expenditure, the pace of high-speed product ramp-up, and the profitability realization capability of various sub-segments.