$ZTE(00763.HK) rose three points, with communication equipment moving slightly in line with expectations for domestic substitution and AI-related capital expenditures; $Echostar(ECHO.US) basically didn't move. This batch of telecom stocks usually doesn't fluctuate much. ZTE occasionally sees pulses based on policy and the logic of operator investment, while the satellite communication side has been waiting for news on spectrum allocation and business implementation. Overall, this type of stock is slow-paced, and when lacking immediate catalysts, it follows the broader market with minor fluctuations. 🙃