On June 30, Sunny Optical Technology rose 3.7% in regular trading, trading at 61.75 HKD/share, with turnover of HKD 287 million. The rally represents a technical rebound following a steep selloff, with the stock having plunged over 20% cumulatively from June 25 to June 29.

The prior decline was driven by multiple headwinds including Apple confirming product price hikes due to AI-driven memory chip shortages, which pressured smartphone supply chain demand expectations. Additional negatives included client order cuts and concerns over financing dilution after the company announced an offshore RMB-denominated bond issuance on June 26 for debt refinancing.

After the sharp correction, short-term selling pressure has eased. The company's Optics plus AI strategic layout disclosed at its June 24 investor day, along with its optical interconnect products entering customer validation phase, provides medium-to-long-term valuation support for the rebound.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)