HK Stock Market Move | Shenzhen Zhaowei Machinery & Electronics (02692) once surged over 15%; Musk released optimistic expectations for Siasun Robot&Automation; the company focuses on the dexterous hand track.

Shenzhen Zhaowei Machinery & Electronics (02692) opened lower before surging in a straight line, once rising over 15% before pulling back again. As of press time, it was up 3.51% at HK$35.28, with turnover of HK$208 million. On the news front, on October 21, Tesla CEO Musk once again expressed optimistic expectations for the Optimus humanoid Siasun Robot&Automation at the earnings call. He not only said Optimus is expected to become one of the largest-scale products globally, but also disclosed that the Fremont factory has begun early production. Shenzhen Zhaowei Machinery & Electronics' interim report shows that the company's dexterous hand products have formed a product matrix covering two major technical routes: fully actuated and underactuated. In April this year, Shenzhen Zhaowei Machinery & Electronics announced a plan to invest approximately RMB 800 million to build a dexterous hand and micro drive system industrial park project. CCB International noted in a previous research report that Shenzhen Zhaowei Machinery & Electronics is the "only target" in the humanoid Siasun Robot&Automation dexterous hand track in the H-share market.