Mercury hits upper limit as Korean and Hong Kong optical stocks rally

  • Mercury led a broad October 2 rally in South Korean optical communication stocks, while Hong Kong-listed peers also advanced.
  • Mercury rose 1,435 Korean won, or 29.80%, to 6,250 Korean won; Hoi Kwong Core gained as much as 4.48%.
  • The rally followed U.S. infrastructure investment news, Micron’s higher capital spending and gains in related New York-listed stocks.

Optical communication and telecom equipment stocks rose broadly in South Korea and Hong Kong in early October 2 trading. Mercury reached the upper limit at 6,250 Korean won, up 29.80%, while Hoi Kwong Core gained as much as 4.48% and other regional shares also advanced. The moves followed news of expanded U.S. big-tech infrastructure investment, Micron’s higher capital spending and strong performance in related optical communication stocks, reinforcing expectations for data-center construction and demand for high-speed fiber, cables, transceivers and semiconductor components.

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