HK Stock Market Move | Shenzhen Longsys Electronics (09976) rises over 3%; the company will be included in Stock Connect starting October 8; memory shortage may persist until 2028.

Shenzhen Longsys Electronics (09976) rose over 3%, up 3.05% as of press time, at HK$202.6, with a turnover of HK$44.2312 million. On the news front, on September 30, the Shanghai Stock Exchange issued an announcement stating that, in accordance with relevant regulations, the list of Southbound Stock Connect securities has been adjusted and will take effect from the next Southbound Stock Connect trading day (October 8), with Shenzhen Longsys Electronics added. If the company is included in Southbound Stock Connect, it is expected to open a window for incremental capital allocation, and the market generally expects liquidity to rise. It is worth mentioning that Micron's fourth-quarter revenue was US$54.229 billion, up 379% year-on-year and 31% quarter-on-quarter, above the market expectation of US$51.49 billion. First-quarter fiscal 2027 revenue is expected to have a midpoint of US$61.5 billion, above the market expectation of US$57.02 billion. The CEO said demand has further strengthened since the last earnings report, and supply-demand conditions in 2027 and 2028 are expected to be significantly tighter than in 2026.