China's optical module makers Eoptolink, TFC and Innolight extend share sell-off
Overview
Shares of Chinese optical communications suppliers Eoptolink, Suzhou TFC Communication and Zhongji Innolight fell in Shenzhen trading on Friday, extending a two-day sell-off.
Eoptolink dropped as much as 15% and TFC slid 10.3% in morning trading before both pared losses by midday. The decline followed steep falls on Thursday, when TFC plunged 19.8% and Eoptolink tumbled 11.1%.
The sell-off came despite strong third-quarter earnings from the companies, according to the South China Morning Post.
Written by AI from the articles below · updated Oct 30, 12:38 AM ET
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- South China Morning Post · TechNewsChina's optical suppliers extend sell-off despite upbeat AI earnings
AIEoptolink, Suzhou TFC Communication and Zhongji Innolight fell in Shenzhen trading on Friday, extending a two-day sell-off despite strong third-quarter earnings. Eoptolink dropped as much as 15 per cent and TFC slid 10.3 per cent in morning trading before both pared their losses by midday. The decline followed steep falls on Thursday, when TFC plunged 19.8 per cent and Eoptolink tumbled 11.1 per cent.
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