China’s optical suppliers extend sell-off as fears of slower AI growth trump upbeat earnings

Shares of major Chinese optical communications suppliers slumped on Friday before clawing back some of their losses, extending a two-day sell-off despite upbeat third-quarter earnings driven by the global artificial intelligence infrastructure boom. Chengdu-based Eoptolink Technology closed 14.2 per cent lower at 196.00 yuan in Shenzhen on Friday, while Suzhou TFC Communication slid 8.4 per cent to 148.00 yuan and industry leader Zhongji Innolight fell 5 per cent to 553.00 yuan. The losses…

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