Core Viewpoint - The nuclear power sector in Hong Kong has seen significant gains, particularly with China National Nuclear Corporation International (02302.HK) rising by 22.40%, driven by increased investor interest in nuclear stocks amid surging electricity demand fueled by AI advancements [1] Company Performance - China National Nuclear Corporation International's stock price has increased by 289% compared to one year ago, positioning the company as a key platform for overseas uranium resource development by the China National Nuclear Corporation [1] - China General Nuclear Power Group Mining (01164.HK) and Shanghai Electric (02727.HK) also experienced notable gains, with increases of over 10% and 7% respectively, although they later retraced [1] Market Trends - In the U.S. market, nuclear stocks have gained favor among investors, particularly small modular reactor companies, with Oklo's stock price soaring nearly 563% over the past six months and Nano Nuclear Energy's stock rising over 150% [1]

Core Viewpoint - Hong Kong nuclear power stocks experienced significant gains, with notable increases in share prices for several companies in the sector [1] Group 1: Company Performance - China Nuclear International saw its stock price rise by over 21% [1] - China General Nuclear Power Corporation's mining segment increased by more than 10.5% [1] - Other companies in the nuclear power sector, such as China General Nuclear Power, also followed suit with price increases [1]

Core Viewpoint - Nuclear power stocks have shown significant strength in the afternoon trading session, with notable gains in several companies [1] Company Performance - China National Nuclear Corporation International (中核国际) saw an increase of over 21% [1] - China General Nuclear Power Group Mining (中广核矿业) experienced a rise of more than 10.5% [1] - China General Nuclear Power Group (中广核电力) also followed with gains [1]

Core Viewpoint - The Hong Kong nuclear power sector has shown significant strength, with notable stock price increases for several companies in the industry [1] Group 1: Company Performance - China National Nuclear Corporation International (中核国际) saw its stock price rise by over 20% [1] - China General Nuclear Power Group (中广核矿业) experienced a stock price increase of over 10% [1] - Shanghai Electric Group (上海电气) reported a stock price increase of over 7% [1]

Group 1 - Nuclear power stocks experienced a significant increase in early trading, with China National Nuclear Corporation International (02302) rising by 12.99% to HKD 6.96, China General Nuclear Power Corporation Mining (01164) up by 8.38% to HKD 3.88, and China General Nuclear Power Corporation (01816) increasing by 0.34% to HKD 2.93 [1] - The International Atomic Energy Fusion Energy Conference (FEC2025) is scheduled to take place in Chengdu from October 13 to 18, which is expected to catalyze developments in the fusion industry [1] - According to Founder Securities, the fusion industry is seeing intensified activity compared to July and August, with potential major national and international advancements to be announced at the conference [1] Group 2 - The domestic BEST project is anticipated to initiate a second round of intensive bidding in Q4, covering high-value products such as the first wall, divertor, and power supply [1] - Other fusion devices are also expected to commence operations, indicating a broader industry momentum [1] - The entry of major players and significant progress in overseas device ignition may lead to a second wave of market activity in the fusion sector within the year [1]

Core Viewpoint - Nuclear power stocks have seen a significant rise, driven by upcoming events in the fusion energy sector and potential advancements in domestic projects [1] Group 1: Stock Performance - China National Nuclear Power International (02302) increased by 12.99%, reaching HKD 6.96 [1] - China General Nuclear Power Corporation Mining (01164) rose by 8.38%, reaching HKD 3.88 [1] - China General Nuclear Power Corporation (01816) saw a slight increase of 0.34%, reaching HKD 2.93 [1] Group 2: Industry Developments - The International Atomic Energy Fusion Energy Conference (FEC2025) will be held in Chengdu from October 13 to 18, which is expected to announce significant national and international progress [1] - According to Founder Securities, the fusion industry is experiencing a more intense catalytic phase compared to July and August, with expectations for a second round of intensive bidding for the domestic BEST project in Q4 [1] - Other fusion devices are also anticipated to initiate, alongside major players entering the market and significant progress in overseas ignition [1] - A second market rally in the fusion sector is expected to commence within the year [1]

Core Viewpoint - The recent advancements in China's nuclear fusion sector, particularly the successful installation of the Dewar base for the BEST project, have led to a surge in related nuclear energy stocks, indicating a positive outlook for the industry [2][10]. Group 1: Project Developments - The BEST project in Hefei, Anhui, has entered a new phase with the successful installation of its core component, the Dewar base, marking a significant milestone in its construction [2][6]. - The total assembly of the BEST project is set to commence on May 1, 2025, which is a critical phase involving the precise installation of various fusion reactor components [3]. - The installation process utilized a space-grade attitude control system, achieving millimeter-level precision for a 400-ton component, which sets a new record in the installation of large components [3][4]. Group 2: Industry Growth and Achievements - The global fusion industry has seen explosive growth over the past five years, with total investments nearing $10 billion [3]. - China's three major fusion devices have achieved significant milestones, including the EAST device operating plasma at 100 million degrees Celsius for 1066 seconds, and the "Chinese Circulation No. 3" reaching dual billion-degree temperatures [4]. - The BEST project aims to demonstrate fusion power generation by 2027, with a broader goal of commercializing fusion energy by 2030 [5][10]. Group 3: Investment and Market Response - The nuclear energy sector has seen a collective surge in stock prices, with companies like China Nuclear International rising by 21.30% and Shanghai Electric by 14.19% following the recent project developments [10][11]. - The investment landscape for fusion energy is evolving, with a structure emerging that combines national strategic capital, local industrial capital, and private innovation capital [5][10]. - The supply chain for the BEST project includes 16 A-share listed companies, indicating a robust industrial ecosystem supporting fusion energy development [10].

Core Viewpoint - The article highlights significant advancements in China's nuclear fusion sector, particularly the successful installation of the core component of the BEST project, which marks a crucial step towards commercial nuclear fusion energy generation by 2030 [1][3][6]. Summary by Sections Breakthroughs in Nuclear Fusion Projects - The BEST project in Hefei achieved a key milestone with the successful installation of a 400-ton Dewar base, utilizing advanced aerospace-grade control systems for precision [3][5]. - Other major fusion projects in China, such as the EAST and the China Fusion Engineering Test Reactor, have also reported significant achievements, including record plasma confinement times and temperatures [5][6]. Investment and Commercialization Outlook - The nuclear fusion industry has seen explosive growth, with total investments nearing $10 billion globally over the past five years [3][5]. - Experts predict that the first operational nuclear fusion power plant in China could be realized by 2030, indicating a critical decade ahead for the industry [6]. Industry Structure and Capital Involvement - A collaborative structure involving national strategic capital, local industrial capital, and private innovation capital is forming to support the nuclear fusion sector [6][8]. - The BEST project is backed by a consortium of state-owned and private enterprises, with significant capital increases from its founding [6][8]. Supply Chain and Market Response - A preliminary supply chain for nuclear fusion has been established, with key players including major state-owned enterprises and listed companies contributing to the BEST project [8]. - Following the recent advancements, nuclear power-related stocks surged, with notable increases in companies like China Nuclear International and Shanghai Electric [9].

Market Overview - After several days of increase, the Hong Kong stock market experienced a correction on October 3, with the Hang Seng Index falling by 0.54% to close at 27,140.92 points, the Hang Seng Tech Index down by 0.90%, and the State-Owned Enterprises Index decreasing by 0.68% [1]. Electric Vehicle Sector - The electric vehicle sector saw significant declines, with BYD shares dropping nearly 4%, Li Auto down over 3%, NIO down over 2%, and Geely down over 1% [3]. - Recent operational data from several automakers revealed that BYD's September sales of new energy vehicles reached approximately 396,300 units; NIO delivered 34,749 new vehicles in September, marking a year-on-year increase of 64%; and Li Auto delivered 33,951 new vehicles in September [3]. Other Sectors - The water, computer, and peripheral device sectors also experienced notable declines [4]. Nuclear Power Sector - The nuclear power sector saw gains, with China National Nuclear Corporation rising over 20% and China General Nuclear Power Corporation increasing over 6% [5]. - Recent positive developments in the nuclear energy field include a significant breakthrough in the construction of the compact fusion energy experimental device BEST in Hefei, Anhui. The total assembly work for BEST is set to officially start in May 2025, with expectations to complete it two years later, aiming to demonstrate fusion energy generation globally for the first time [5]. Energy Market Dynamics - The global energy market is facing structural changes and demand challenges due to the increasing need for AI and computing power [6].

Market Overview - The Hong Kong stock market experienced a pullback after three consecutive days of gains, with the Hang Seng Index closing down 0.54% at 27,140.92 points, while the total trading volume reached 134.78 billion HKD [1] - Despite the pullback, the Hang Seng Index saw a weekly increase of 3.88%, indicating a positive trend overall [1] - Analysts from Founder Securities suggest that the upward trend in the Hong Kong market is not over, particularly highlighting opportunities in undervalued stocks represented by the Hang Seng Technology Index [1] Blue-Chip Stocks Performance - Alibaba (09988) rose 1.09% to 185.1 HKD, contributing 30.27 points to the Hang Seng Index, with Morgan Stanley raising its target price to 240 HKD [2] - Other blue-chip stocks like Hansoh Pharmaceutical (03692) and SMIC (00981) also saw gains, while China Resources Mixc Lifestyle (01209) and Li Auto (02015) faced declines [2] Sector Highlights - Large technology stocks generally declined, with Xiaomi down 1.43% and Tencent down 0.44%, while Alibaba saw an increase [3] - Nuclear energy stocks surged, with China National Nuclear Power (02302) rising over 21% due to recent advancements in fusion energy projects [3] - Cryptocurrency stocks performed strongly, with Okex Chain (01499) up 13.24% and Bitcoin prices surpassing 120,000 USD [4][5] Gold and Commodities - Gold stocks generally fell, with Tongguan Gold (00340) down 4.17% following a significant drop in gold prices [6] - Zijin Mining International is set to be included in the Hang Seng Composite Index by October 2025, reflecting its large market capitalization and liquidity [7] Notable Stock Movements - Dazhong Public Utilities (01635) surged 22.99% after announcing its stake in a tech company preparing for an IPO [8] - Shuangdeng Co. (06960) rose 13.36%, driven by increased demand for energy storage solutions [9] - Liqian Resources (02245) reached a new high, benefiting from rising cobalt prices due to supply constraints [10] - Yunfeng Financial (00376) gained 6.16% after announcing a strategic partnership to explore blockchain-based insurance products [11] - Dongfeng Motor Group (00489) increased by 4.71% following the submission of an IPO application for its electric vehicle subsidiary [12]