Home Business & Finance Chinese Optical Stocks Slide on Report of Proposed US Import Ban
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Chinese Optical Stocks Slide on Report of Proposed US Import Ban

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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.
Chinese (ORG) US (LOCATION) Innolight (ORG) Shenzhen (LOCATION) Eoptolink Technology Inc. (ORG)
Originally published by Bloomberg Technology Read original →