Yangtze Optical Fibre And Cable is trading 5.1% down today at HK$114.90 as controversy over quantum technology security and fading optimism regarding AI-related price hikes trigger a sharp sell-off.
- Investors appear to be locking in profits following a significant year-to-date rally, exacerbated by broader selling pressure across the AI hardware sector.
- Market sentiment is further dampened by growing worries regarding overcapacity within the fiber industry and the sustainability of recent cable price increases.