---
title: "Hua Hong Leads Decline on HK AI-related stocks; Minimax Bucks the Trend"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000933412.md"
description: "AI-related stocks opened mostly lower on Monday, 12 October, with $HUA HONG GRACE(01347.HK) recording the largest decline among DLC-covered underlyings in early trading.Hua Hong fell around 4.4% in th..."
datetime: "2026-10-12T05:27:16.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000933412.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000933412.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000933412.md)
author: "[SG_DLC](https://longbridge.com/en/profiles/2071430380799025152.md)"
generator: "portal-rs"
---

# 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.HK) recording the largest decline among DLC-covered underlyings in early trading.

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

Bucking the trend, $MINIMAX-W(00100.HK) 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**](https://dlc.socgen.com/en/products/new-dlc) on these AI-related stocks to express their short-term views and amplify their exposure.

Despite weakness across these AI-related stocks, the $Hang Seng TECH Index(STECH.HK) declined only 0.5%, supported by a 1.5% gain in $BABA-W(09988.HK) .

Amplifying the move, the [**Alibaba 5x Long DLC (IWWW)**](https://dlc.socgen.com/en/products/terms/code/IWWW) gained around 7.5%, while the [**Alibaba 5x Short DLC (RHDW)**](https://dlc.socgen.com/en/products/terms/code/RHDW) declined by a similar magnitude.

Meanwhile, the [**HSTECH 7x Short DLC(9B2W)**](https://dlc.socgen.com/en/products/terms/code/9B2W) gained around 3.5%, while the [**HSTECH 7x Long DLC (XQ4W)**](https://dlc.socgen.com/en/products/terms/code/XQ4W) declined by a similar magnitude.

View the full list of DLCs [**here**](https://dlc.socgen.com/en/products/search). 

This advertisement has not been reviewed by the Monetary Authority of Singapore. This advertisement is distributed by Société Générale, Singapore Branch. This advertisement does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.

### Related Stocks

- [STECH.HK](https://longbridge.com/en/quote/STECH.HK.md)
- [01347.HK](https://longbridge.com/en/quote/01347.HK.md)
- [688347.CN](https://longbridge.com/en/quote/688347.CN.md)
- [00981.HK](https://longbridge.com/en/quote/00981.HK.md)
- [688981.CN](https://longbridge.com/en/quote/688981.CN.md)
- [00100.HK](https://longbridge.com/en/quote/00100.HK.md)
- [09988.HK](https://longbridge.com/en/quote/09988.HK.md)
- [03986.HK](https://longbridge.com/en/quote/03986.HK.md)
- [02513.HK](https://longbridge.com/en/quote/02513.HK.md)
- [HSMD.SG](https://longbridge.com/en/quote/HSMD.SG.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**