Zhongji Innolight Shares Fall on Hong Kong Debut
Shares of Chinese optical transceiver maker Zhongji Innolight fell on its trading debut on the Hong Kong Stock Exchange, impacted by a global downturn in investor sentiment towards AI firms.
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China AI supplier Zhongji Innolight slips in Hong Kong debut after $6.8 billion IPO
Shares of Zhongji Innolight fell on Thursday after the Chinese optical transceiver maker made its trading debut on the Hong Kong Stock Exchange.
Read full article →Zhongji Innolight shares fall on Hong Kong debut amid global AI sell-off
Zhongji Innolight saw its share price drop as much as 3 per cent after its hotly anticipated debut on the Hong Kong stock market on Thursday, as the Chinese firm felt the impact of a global downturn in investor sentiment towards the artificial intelligence sector. By 9.33am, it dropped by 2.86 per cent to HK$953. The Chinese firm – a leading producer of optical transceivers used in AI data centres – had earlier completed Hong Kong’s biggest initial public offering of the year, raising HK$53.4...
By Zoe SL Chan
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