Understanding the Market | YOFC rose over 7% in early trading, China's first anti-circumvention investigation takes measures against Micron's fiber optic products
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YOFC rose over 7% in early trading, and as of the time of writing, it has increased by 6.27%, trading at HKD 47.8, with a transaction volume of HKD 591 million. The Ministry of Commerce recently took anti-circumvention measures against U.S. fiber optic products and initiated an investigation. This investigation is China's first anti-circumvention investigation, stemming from YOFC's application. DBS has downgraded YOFC's rating from "Buy" to "Fully Valued," raising the target price from HKD 20.2 to HKD 40.3, as the stock price has already increased by about three times
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