Market Rumors Ferment as Hot Sector Hit Hard! Fiber Optic Leader Responds: No Delay in Operator Centralized Procurement
On April 10, the optical fiber sector weakened collectively. FASTEN and HYC, which had hit five consecutive daily limits, both hit their daily downward limits. HTGD fell nearly 6%, YOFC dropped over 3%, and Hong Kong-listed YOFC shares fell more than 12% intraday.
Market rumors suggested that the current pullback was primarily due to a delay in operator centralized procurement, which could affect the revenue of relevant companies. In response, a reporter called YOFC. The company stated that official news regarding the centralized procurement has not yet been released, so there is no delay. Information regarding operator centralized procurement should be based on official announcements. (Shanghai Securities News)
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