Hua Hong Leads Decline on HK AI-related stocks; Minimax Bucks the Trend

AI-related stocks opened mostly lower on Monday, 12 October, with $HUA HONG GRACE(01347)$ recording the largest decline among DLC-covered underlyings in early trading.

Hua Hong fell around 4.4% in the morning session while $SMIC(00981)$ fell around 2%. $GIGADEVICE(03986)$ and $Z.AI(02513)$ also declined more than 3.5% each.

Bucking the trend, $MINIMAX-W(00100)$ remained in the green, gaining around 0.8% as of morning session close.

Investors who are bullish on these underlying stocks and expect a rebound can consider the new 3x Long DLCs on these AI-related stocks to express their short-term views and amplify their exposure.

Despite weakness across these AI-related stocks, the HSTECH Index declined only 0.5%, supported by a 1.5% gain in Alibaba (9988.HK).

Amplifying the move, the Alibaba 5x Long DLC (IWWW) gained around 7.5%, while the Alibaba 5x Short DLC (RHDW) declined by a similar magnitude.

Meanwhile, the HSTECH 7x Short DLC(9B2W) gained around 3.5%, while the HSTECH 7x Long DLC (XQ4W) declined by a similar magnitude.

View the full list of DLCs here.

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Memory crushed, AI chips rally—is semiconductors rotating internally?

While memory stocks slide, AI compute chips surge: Nvidia rose 0.97% to $228.52, AMD up 1.90% to $605.53, Intel up 1.44%. Capital rotates within semiconductors from memory to logic chips; views on chip stocks diverge. Bulls say compute demand is not tied to memory pricing and logic chip order visibility is steadier; Bears say if AI capex guidance disappoints earnings season, logic chips won't escape. What would make this rotation out of memory last beyond this week?

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Comments

LilithMonroe
10-12 14:13
LilithMonroe
Hua Hong weakness feels more like foundry cycle pressure, while Minimax staying green hints software is getting the cleaner AI bid. Curious which side lasts longer
YumZoay
10-12 14:13
YumZoay
Index barely red while the names got hit tells you this is rotation, not a broad risk-off move