Yangtze Optical Fibre And Cable is trading 10.74% down today at HK$130.50 after a sharp reversal from its August 17 rally as Hong Kong technology shares weakened.
- Profit-taking and broader pressure affected AI, semiconductor, and communications stocks.
- China’s CSI Artificial Intelligence Index fell 2.1%, while the 5G Communication Index lost 1.8%.
- Rising bond yields, oil prices, and Middle East tensions further weakened risk appetite.