🔴 AXT is trading 4.22% down in pre-market as optical-communications stocks fall broadly

AXT is trading at $76.42, down 4.22% in pre-market on October 8 amid broad optical-communications weakness; no fresh company-specific catalyst surfaced.

• On October 7, AXT fell 5.08% to $79.79.
• The risk-off backdrop includes weaker U.S. index futures, higher oil and Treasury yields, and renewed geopolitical concerns.
• Third-quarter earnings are scheduled for October 29, not October 8.