HK Stock Connect Daily Report: 160 HEALTH Surges 45.88% as Its Subsidiary Signs a First AI Computing Order Worth About RMB 42 Million - 20261029

I. Market Overview

On October 29, 2026, the three major Hong Kong indices opened mixed and then fell together, with the Hang Seng TECH Index peaking at its opening level, before paring losses late in the session; all three still closed lower. The Hang Seng Index closed at 22,958.65, down 0.59%; the Hang Seng TECH Index closed at 3,744.14, down 2.84%; and the Hang Seng China Enterprises Index closed at 7,755.66, down 0.46%. Full-day turnover on the Hang Seng Index reached HKD 189.5 billion, slightly above HKD 181.4 billion a day earlier.

On the board, among Stock Connect constituent stocks, 160 HEALTH rose 45.88%, DRINDA rose 18.45%, QINGSONG HEALTH rose 18.00%, TOPSPORTS rose 11.68% and SEYOND rose 9.80%; on the downside, ROBOTECHNIK fell 18.97%, BRAINAURORA-B fell 16.48%, CIDI fell 15.42%, QUANTGROUP fell 13.93% and FS.COM fell 13.39%. Internet healthcare, solar and consumer names advanced against the trend, while optical communication, PCB and semiconductor equipment names led the declines. Across the Stock Connect universe, 146 stocks rose, 498 fell and 22 were unchanged.

Southbound capital recorded net selling of HK$3.359 billion on the day, comprising net buying of HK$782 million via Stock Connect (Shanghai) and net selling of HK$4.140 billion via Stock Connect (Shenzhen), with the two channels moving in opposite directions.

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. 160 HEALTH Surges 45.88% to Lead as Its Subsidiary Signs a First AI Computing Order Worth About RMB 42 Million

On October 29, 160 HEALTH (02656.HK) rose 45.88% to close at HKD 3.45 with turnover of HK$883 million and a turnover rate of 80.40%, the largest gain among Stock Connect stocks on the day. In a voluntary announcement on the evening of October 13, the company said its indirect wholly-owned subsidiary Shenzhen 160 Internet Technology had signed a first sales contract worth about RMB 42 million with a national high-tech enterprise focused on enterprise-grade computing infrastructure, covering AI computing infrastructure and related services; the two sides had signed a strategic framework agreement on September 16 estimating total cooperation of about RMB 650 million over a one-year term. The company delivers AI medical products together with computing infrastructure through an integrated solution combining medical AI agents, hardware and commissioning services. In the first half of 2026, revenue was about RMB 319 million, up 9.7% year on year, gross profit was RMB 85.372 million, up 33.3%, and profit attributable to owners was RMB 2.137 million, turning around from a loss.

2. Southbound Net Selling Reaches HK$3.359 Billion as Shanghai Saw Net Buying of HK$782 Million

On October 29, southbound capital recorded net selling of HK$3.359 billion, comprising net buying of HK$782 million via Stock Connect (Shanghai) and net selling of HK$4.140 billion via Stock Connect (Shenzhen), with the two channels moving in opposite directions. At the stock level, SMIC (00981.HK) topped southbound turnover at HK$3.490 billion and led net selling at HK$825 million; ALIBABA-W (09988.HK) saw net selling of HK$778 million and CNOOC (00883.HK) HK$587 million. On the buy side, PING AN (02318.HK) led net buying at HK$285 million, followed by Z.AI (02513.HK) at HK$222 million, TENCENT (00700.HK) at HK$146 million and KB LAMINATES (01888.HK) at HK$133 million.

3. Optical Communication and PCB Supply Chains Sell Off Sharply as ROBOTECHNIK Falls 18.97%

On October 29, Hong Kong optical communication and PCB names retreated sharply. ROBOTECHNIK (03757.HK) fell 18.97%, the steepest decline among Stock Connect stocks, while ZHONGJI INNOLIGHT (03308.HK) fell 10.00%, YOFC (06869.HK) 9.32%, KB LAMINATES (01888.HK) 7.64%, KINWONG (03228.HK) 13.02% and DELTON (01989.HK) 12.93%. On the news front, media reports said Marvell Technology is in advanced talks to acquire optical component maker Lumentum, with industry participants noting that a completed deal would give NVIDIA a complete supply capability spanning DSPs, optical chips, continuous-wave lasers and optical modules; combined with Alphabet missing both revenue and profit estimates and renewed questions over AI returns, optical module and high-speed interconnect names came under pressure.

4. Biotechnology and Financials Theme ETFs Lead as the NASDAQ Biotechnology ETF Gains 2.97%

On October 29, cross-border biotechnology and Hong Kong financials theme ETFs rose against the trend. China Universal NASDAQ Biotechnology Technology ETF(QDII) (513290) gained 2.97% on RMB 704 million of turnover, Harvest S&P Biotechnology Selected Industry ETF(QDII) (159502) gained 2.46% on RMB 337 million, ChinaAMC CSI HK Equities Interior Finance ETF (513190) gained 1.80% on RMB 537 million, Fullgoal CSI HK Equities Interior Finance ETF (526090) gained 1.66% and JPMorgan S&P HK Equities Low Volatility Dividend ETF (513630) gained 1.64% on RMB 357 million. Hong Kong banking, insurance and coal names advanced on the day while technology and semiconductor names fell.

5. HK Stock Connect Information Technology ETFs Fall More Than 4% as the China-Korea Semiconductor ETF Leads Turnover at RMB 15.438 Billion

On October 29, Hong Kong Stock Connect information technology ETFs fell together, with the five products down between 4.23% and 4.63%. Huatai-PB CSI HK Equities Information Technology Integration ETF (526060) fell 4.63%, E Fund CSI HK Equities Information Technology Integration ETF (159196) fell 4.41%, Hwabao CSI HK Equities Information Technology Integration ETF (159131) fell 4.35% on RMB 1.097 billion of turnover, Penghua CSI HK Equities Information Technology Integration ETF (159185) fell 4.27% and Huaan CSI HK Equities Information Technology Integration ETF (513240) fell 4.23%. By turnover, Huatai-PB China Securities Han Stock Exchange China Korea Semiconductor ETF(QDII) (513310) led at RMB 15.438 billion, down 2.79% with a turnover rate of 153.94%, followed by GF CSI HK Innovative Drugs Industry ETF(QDII) (513120) at RMB 6.025 billion, down 0.08%.