Yangtze Optical Fibre And Cable is trading 10.1% down at HK$92.40 as investors reassess growth expectations following several days of sharp declines from levels above HK$140.
- The sell-off is driven by rising concerns regarding potential oversupply in the optical fibre market due to aggressive capacity expansion.
- Sentiment has been further pressured by recent analyst downgrades and profit-taking following a significant rally fueled by AI infrastructure demand.