HK Stock Market Move | Optical communication concept stocks show strong momentum; Cig Shanghai (06166) and Zhongji Innolight (03308) both rise over 8%.

Optical communication stocks showed strong momentum. As of press time, TIME INTERCON (01729) rose 14.83% to HK$13.55; LIGENT (09856) rose 14.69% to HK$22.48; Cig Shanghai (06166) rose 8.42% to HK$74.7; Zhongji Innolight (03308) rose 8.34% to HK$785.5; YOFC (06869) rose 7.52% to HK$111.5. On the news front, Anthropic's prospectus recently landed, easing market uncertainty over AI commercialization and funding sources; meanwhile, Meta's forward issuance of common stock received approximately 5 times subscription, also showing that high-quality technology leaders still possess strong financing capabilities. Zhang Yidong, member of the Executive Committee and Chief Economist at HAITONG INT'L, pointed out that overall, if Asia's deleveraging comes to an end, concerns over AI hardware ease, and large technology companies' capital investment can be supported by earnings and cash returns, the market will have the conditions for a phased rebound. Huatai believes that optical modules benefit from port rate upgrades and expanding cluster scale, while fiber demand grows with increased scale-up and scale-out connections; continued investment is expected to support order and earnings realization across the industry chain. The optical module and fiber sectors have already gone through a round of bottoming, and earnings catalysts are approaching; investors are advised to watch for valuation repair opportunities among leading companies.