China’s optical suppliers extend sell-off as fears of slower AI growth trump upbeat earnings
Innolight on Thursday posted a 174 per cent surge in third-quarter net profit to US$1.29 billion, as revenue jumped 172 per cent
During morning trading in Shenzhen, Chengdu-based Eoptolink Technology dropped as much as 15 per cent, while Suzhou TFC Communication slid 10.3 per cent and industry leader Zhongji Innolight fell over 7 per cent.
By the midday break, the trio had trimmed their losses: Eoptolink was down around 9 per cent, TFC pared its decline to 4 per cent, and Innolight also steadied. The retreat followed steep drops on Thursday, when TFC plunged 19.8 per cent, Eoptolink tumbled 11.1 per cent and Innolight fell 8.5 per cent.
