Optical Communication Sector Falls During Regular Session, AXTI Drops Nearly 12%, MRVL Down Almost 10%

On August 28 during regular trading hours, the optical communication sector weakened collectively, with mainstream stocks declining across the board. As of press time, multiple stocks in the sector fell more than 5%, reflecting clearly negative market sentiment.

Specifically, AXTI.US performed the weakest, dropping 11.57% to $59.18 during the session; MRVL.US followed closely, falling 9.63% to $218.19; POET.US declined 7.57% to $7.57; AAOI.US fell 5.87% to $106.63; LITE.US dropped 5.70% to $901.69; COHR.US declined 5.04% to $280.51; NOK.US fell 3.73% to $10.20; GLW.US showed a relatively smaller decline of 2.25% to $149.36.

Among derivative stocks, LITZ.US bucked the trend, rising 11.13% to $8.04, becoming the only gaining stock in the sector; the rest of derivative stocks all declined, with MVLL.US falling 19.43% to $25.54, AAOX.US down 11.73% to $11.18, and LITX.US declining 11.19% to $31.00.