Business & Finance
Chinese Optical Stocks Slide on Report of Proposed US Import Ban
Key Points
Chinese Optical Stocks Slide on Report of Proposed US Import Ban Zhongji Innolight Co. led a slump in Chinese optical stocks after Reuters reported that the US is drafting a ban on imports of some Chinese data center components to protect AI infrastructure. Shares of Innolight, one of the world’s largest transceiver suppliers, dropped as much as 14% in early Wednesday trading in Shenzhen, while industry peer Eoptolink Technology Inc. fell 11%. Innolight will likely be hit by the ban, Reuters...
Chinese Optical Stocks Slide on Report of Proposed US Import Ban
Zhongji Innolight Co. led a slump in Chinese optical stocks after Reuters reported that the US is drafting a ban on imports of some Chinese data center components to protect AI infrastructure.
Shares of Innolight, one of the world’s largest transceiver suppliers, dropped as much as 14% in early Wednesday trading in Shenzhen, while industry peer Eoptolink Technology Inc. fell 11%. Innolight will likely be hit by the ban, Reuters reported.