HK Stock Market Move | Optical communication concept stocks fell across the board; Cig Shanghai (06166) dropped nearly 11%, Zhongji Innolight (03308) fell over 5%.

Optical communication concept stocks fell across the board. As of press time, Cig Shanghai (06166) dropped 10.92% to HK$94.35; TRIGIANT (01300) fell 8.11% to HK$2.89; Zhongji Innolight (03308) declined 5.08% to HK$925. On the news front, Citi released a research report stating that over the past two weeks it met with more than 60 institutional investors from Europe and the US, finding that US investors are mainly focused on AI optical development. Due to concerns over potential FCC restrictions, they currently prefer American optical companies over Chinese ones. Previously, a research report published by Morgan Stanley during the National Day holiday sparked market speculation that the FCC (US Federal Communications Commission) may impose restrictions starting with 3.2T optical modules, requiring that the value of US materials account for more than 65% for approval.