Iluvatar CoreX's stock price surged 5.36% during intraday trading on Friday, reflecting strong positive investor sentiment.

The sharp rise is attributed to market anticipation of the company's imminent inclusion in the Stock Connect program. According to the quarterly fast-track inclusion rules, Iluvatar CoreX, which listed in January, meets all necessary criteria. Its average market capitalization during the review period significantly exceeds the required threshold, and its monthly turnover rates have consistently surpassed the minimum standard.

An official announcement confirming the inclusion is expected, with the effective date set for early June. This development is seen as a major catalyst, as it would unlock access for significant mainland Chinese capital inflows, providing a new source of demand for the stock.