HK Stock Movement | CNNC INT'L (02302) Surges Over 12% in Afternoon Session Amid Intensive Catalysts for Controlled Nuclear Fusion

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CNNC INT'L (02302) rose more than 12% in the afternoon session, reaching HK$5.28 by the time of writing, with a trading volume of HK$7.6319 million. The International Energy Agency forecasts that the global nuclear fusion market could approach US$500 billion (RMB 3.5 trillion) by 2030. Additionally, the Central Economic Work Conference emphasized advancing energy-saving and carbon reduction in key industries, drafting an outline for building a strong energy sector, accelerating the development of new energy systems, and expanding green electricity applications. Guojin Securities noted that the Hefei BEST fusion project saw monthly tenders exceeding RMB 2 billion, with expectations for accelerated nuclear fusion tendering. Incomplete statistics show that BEST tenders in November reached at least RMB 2 billion, and as the Hefei BEST project enters a critical phase, further acceleration in tender activity is anticipated.

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