HK Stock Connect Daily Report: MANYCORE TECH Rises 25.18% on Joint 3D Spatial Camera Launch with Hesai - 20261110

I. Market Overview

On November 10, 2026, the three major Hong Kong indices opened higher across the board, faded after an early push, stabilised in the afternoon and closed modestly higher. The Hang Seng Index closed at 24,557.04, up 0.44%; the Hang Seng TECH Index closed at 4,084.45, up 1.08%; and the Hang Seng China Enterprises Index closed at 8,265.81, up 0.07%. Full-day turnover on the Hang Seng Index reached HKD 178.2 billion, slightly above HKD 173.7 billion a day earlier.

On the board, among Stock Connect constituent stocks, MANYCORE TECH rose 25.18%, BAIGE DIGITAL rose 17.20%, VIEWTRIX TECH rose 17.01%, ILUVATAR COREX rose 15.49% and DRINDA rose 13.32%; on the downside, CREALITY fell 16.15%, SITC fell 7.83%, TOPNC fell 7.34%, CHUANGXIN IND fell 6.28% and COSCO SHIPPING ENERGY fell 5.51%. Chip, spatial intelligence and solar names led the gains, with an insurance-technology name also higher, while shipping, tanker, 3D printing and machine tool names lagged. Across the Stock Connect universe, 495 stocks rose, 149 fell and 22 were unchanged.

Southbound capital recorded net selling of HK$2.739 billion on the day, comprising net selling of HK$1.144 billion via Stock Connect (Shanghai) and HK$1.596 billion via Stock Connect (Shenzhen).

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. Southbound Net Selling Reaches HK$2.739 Billion as BABA-W Leads with HK$868 Million

On November 10, southbound capital recorded net selling of HK$2.739 billion, comprising net selling of HK$1.144 billion via Stock Connect (Shanghai) and HK$1.596 billion via Stock Connect (Shenzhen). By stock, BABA-W (09988.HK) led with HK$868 million of net buying, followed by SMIC (00981.HK) at HK$216 million, HUA HONG GRACE (01347.HK) at HK$206 million and CNOOC (00883.HK) at HK$78 million. On the sell side, the Tracker Fund of Hong Kong (02800.HK) saw HK$690 million of net selling, TENCENT (00700.HK) HK$614 million, YOFC (06869.HK) HK$303 million, XIAOMI-W (01810.HK) HK$187 million and Z.AI (02513.HK) HK$182 million. BABA-W also ranked first by southbound turnover at HK$5.697 billion.

2. MANYCORE TECH Rises 25.18% on Joint 3D Spatial Camera with Hesai

On November 10, MANYCORE TECH (00068.HK) closed up 25.18% at HK$3.48 on turnover of HK$847 million, topping the Stock Connect gainers, after rising as much as 30% intraday. The company and Hesai Technology launched a co-branded 3D spatial camera, the Aholo x Kosmo One, on November 9. Built around a LiDAR and 8K imaging system, the device feeds captured scene data directly into MANYCORE's Aholo Reality reconstruction platform, completing 3D Gaussian reconstruction and intelligent editing in one pass to produce computable, editable and interactive 3D spatial assets; a single spatial model can be reused for robot simulation training, spatial design, virtual film production and cultural heritage digitisation. Co-founder and CEO Chen Hang said Hesai's spatial perception capabilities complement the company's spatial intelligence technology, and the two aim to lower the barrier to digitising real-world spaces through hardware-software integration.

3. Chip Stocks Rally as VIEWTRIX TECH Gains 17.01% and ILUVATAR COREX 15.49%

On November 10, Hong Kong chip stocks rallied. VIEWTRIX TECH (03310.HK) closed up 17.01% at HK$14.58, ILUVATAR COREX (09903.HK) rose 15.49% to HK$70.10 on HK$855 million of turnover, SMIC (00981.HK) gained 2.61% and HUA HONG GRACE (01347.HK) 3.76%. Overseas, the Philadelphia Semiconductor Index rose 6.85% and the Nasdaq 2.74% on November 9 US time, the latter its largest single-day gain since July 30. On the research side, Huafu Securities said rising inference volumes are converging with cloud capex, with strong demand for AI data centres and domestic chips, while Reuters, citing IDC, expects China's AI accelerator shipments to grow 19% year on year in 2026 with domestic chips taking a larger share.

4. CREALITY Falls 16.15% at the Bottom after Announcing a Buyback Plan on November 5

On November 10, CREALITY (03388.HK) closed down 16.15% at HK$16.77 on turnover of HK$51 million, the largest decliner among Stock Connect constituents. On November 5 the company said it may buy back H shares on the open market between the announcement date and March 31, 2027 under a general mandate approved by shareholders, for up to USD 50 million or the equivalent in Hong Kong dollars; it also launched mBox, an AI 3D printer for children aged four to nine, the same day. As of publication, the company had not disclosed any new announcement directly related to the share price move.

5. NASDAQ 100-tracking ETFs Sweep the Top Five as the China-Korea Semiconductor ETF Tops Turnover at RMB 10.705 Billion

On November 10, ETFs tracking the NASDAQ 100 swept the top five gainers among Stock Connect-related products: the Huaan NASDAQ 100 ETF(QDII) (159632) rose 3.87%, the China Merchants NASDAQ 100 ETF(QDII) (159659) 3.81%, the Huatai-PB NASDAQ 100 ETF(QDII) (513110) 3.72%, the Dacheng NASDAQ 100 ETF(QDII) (159513) 3.71% and the GF NASDAQ 100 ETF (159941) 3.69%. By turnover, the Huatai-PB China Securities Han Stock Exchange China Korea Semiconductor ETF(QDII) (513310) rose 1.91% on RMB 10.705 billion with a turnover rate of 111.89%, ranking first, followed by the GF CSI HK Innovative Drugs Industry ETF(QDII) (513120) at RMB 5.811 billion. On the decliner side, the Fullgoal S&P Oil & Gas Exploration and Production Selected Industry ETF(QDII) (513350) fell 1.60%, the Invesco Great Wall CSI Guoxin HK Equities Central Enterprise Dividends ETF (520990) 1.32%, the GF CSI Guoxin HK Equities Central Enterprise Dividends ETF (520900) 1.30% and the China Southern CSI Guoxin HK Equities Central Enterprise Dividends ETF (520660) 1.22%.