HK Stock Connect Daily Report: SHANDONG MOLONG Rises 16.10% as Brent Crude Tops USD 103 - 20261008

I. Market Overview

On October 8, 2026, the three major Hong Kong stock indices fell across the board, with the Hang Seng Index down 1.43%, the Hang Seng TECH Index down 2.89%, and the Hang Seng China Enterprises Index down 0.89%. With the mainland holiday over and Stock Connect trading resumed, full-day turnover on the Hang Seng Index reached HKD 207.3 billion, a sharp increase from HKD 94.7 billion on the previous trading day.

On the board, among Stock Connect constituent stocks, DIAGENS-B rose 21.75%, SHANDONG MOLONG rose 16.10%, UNITEDENERGY GP rose 12.66%, WUXI LEAD rose 7.12% and AXERA rose 6.85%; on the downside, BRETON fell 25.28%, DEEPZERO fell 20.60%, MININGLAMP-W fell 14.38%, FOURSEMI fell 14.22% and MINIMAX-W fell 13.74%. Oil and coal stocks rose against the market, while semiconductor, optical communication and innovative drug names came under broad pressure, and most mainland property stocks rebounded.

Southbound capital recorded net buying of HK$6.477 billion on the day, comprising HK$3.836 billion via Stock Connect (Shanghai) and HK$2.641 billion via Stock Connect (Shenzhen). With Stock Connect suspended during the holiday, this was the first trading day after resumption, and net buying already exceeded HKD 6 billion.

II. HK Stock Connect Stock Rankings

2.1 HK Stock Connect Stock Gainers and Decliners

Source: Wind, HKEX. The content of this article is for the objective presentation of data only and does not constitute any investment advice, nor does it represent a recommendation for or value judgment on any security. The market involves risks; investment requires caution.

2.2 HK Stock Connect Active Stocks (ranked by southbound turnover)

Source: Wind, HKEX. The content of this article is for the objective presentation of data only and does not constitute any investment advice, nor does it represent a recommendation for or value judgment on any security. The market involves risks; investment requires caution.

III. HK Stock Connect-related A-share ETF Rankings

3.1 HK Stock Connect-related A-share ETF Gainers and Decliners

Source: Wind. The content of this article is for the objective presentation of data only and does not constitute any investment advice, nor does it represent a recommendation for or value judgment on any security. The market involves risks; investment requires caution.

3.2 HK Stock Connect-related A-share ETF Active Rankings (ranked by turnover)

Source: Wind. The content of this article is for the objective presentation of data only and does not constitute any investment advice, nor does it represent a recommendation for or value judgment on any security. The market involves risks; investment requires caution.

IV. Industry and Corporate Updates

1. DIAGENS-B Tops Stock Connect Gainers with a 21.75% Rise, Valuing Medical Imaging AI Models Higher

On October 8, DIAGENS-B (02526.HK) closed up 21.75% at HKD 292.20, the top gainer among Stock Connect stocks on the day. The company develops and commercialises medical imaging artificial intelligence technology and medical imaging equipment, with businesses spanning model services and intelligent medical imaging products; its iMedImage model covers 19 imaging modalities and about 90% of clinical scenarios, while its MetaSight equipment has obtained certifications in China, the United States and the European Union. During the National Day holiday, AI4S (AI for Science) applications accelerated, with drug discovery particularly active, drawing fund attention to the company as a scarce medical imaging foundation model name in Hong Kong; its iMedLoop platform covers the full chain from data access, professional annotation, review and quality control, training and evaluation, to deployment and application feedback. CICC research considers the company the only pure-play medical imaging foundation model name in the Hong Kong market and the only AI imaging company to have commercialised Class III certified products, building a complete loop from model research and batch incubation to clinical commercialisation.

2. EIA Sharply Raises Oil Price Forecasts as Brent Crude Tops USD 103

On October 8, international oil prices continued to climb, with Brent crude futures extending gains by more than 3% intraday above USD 103 a barrel, while the Shanghai Futures Exchange fuel oil contract surged more than 18%. In its October Short-Term Energy Outlook, the US Energy Information Administration sharply raised its oil price forecasts for this year and next, lifting its 2026 average Brent forecast to about USD 98 a barrel and its fourth-quarter average to about USD 105, citing accelerating global inventory drawdowns and a persistently tight diesel market. Middle East tensions also added to the picture, with the Houthis saying Saudi Arabia carried out 156 air strikes and missile attacks on Yemen in the past 24 hours, and multiple US officials saying the Pentagon has instructed Central Command to complete preparations for a possible resumption of large-scale military action against Iran. Hong Kong oil and coal stocks rose against the market: SHANDONG MOLONG (00568.HK) gained 16.10%, COSL (02883.HK) rose 5.59%, SINOPEC (00386.HK) rose 2.60% and PETROCHINA (00857.HK) rose 2.56%.

3. Semiconductor and Optical Communication Stocks Plunge as Samsung Electronics Misses Estimates

Hong Kong semiconductor and optical communication stocks fell sharply on October 8. Samsung Electronics' latest results showed third-quarter sales of KRW 195 trillion and operating profit of KRW 107.4 trillion, both below market expectations; combined with a Morgan Stanley research report on the US Federal Communications Commission restricting Chinese-made optical modules, sentiment on AI hardware names weakened broadly. HUA HONG GRACE (01347.HK) fell 9.21%, GIGADEVICE (03986.HK) fell 7.47%, SMIC (00981.HK) fell 6.73% and MONTAGETECH (06809.HK) fell 6.05%; in optical communications, YOFC (06869.HK) fell 6.73%. Separately, TrendForce research showed the DRAM market will remain in short supply in the fourth quarter but with slower contract price increases, amid concerns that continued capacity expansion by memory makers will weigh on forward chip prices.

4. Hang Seng TECH Index Compilation Rules Revised to Lift the Weight of AI Hardware and Semiconductors

Hang Seng Indexes Company published revisions to the compilation methodology of the Hang Seng TECH Index featuring six reforms: removing the requirement that eligible candidates belong to five designated sectors under the Hang Seng Industry Classification System, increasing the number of constituents from 30 to 50, and adding a frontier technology theme to the existing technology themes. The revised themes comprise digital platforms and solutions, artificial intelligence, advanced hardware, robotics and automation, cloud, and frontier technology, with the changes taking effect in December. On October 8 the Hang Seng TECH Index closed at 4,073.38, down 2.89% to a new low since September 2024.

5. Southbound Net Buying Reaches HK$6.477 Billion on the First Day After Resumption, Led by TENCENT

With the mainland holiday over and Stock Connect trading resumed on October 8, southbound capital recorded net buying of HK$6.477 billion on the day, comprising HK$3.836 billion via Stock Connect (Shanghai) and HK$2.641 billion via Stock Connect (Shenzhen). At the stock level, TENCENT (00700.HK) attracted the largest southbound net buying of HK$2.452 billion and the largest southbound turnover of HKD 6.410 billion, while AIA (01299.HK) saw net buying of HK$1.318 billion. On the selling side, GENSCRIPT BIO (01548.HK) saw net selling of HK$585 million, YOFC (06869.HK) HK$429 million and SMIC (00981.HK) HK$406 million.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.