Nokia Oyj (NOK) shares plummeted 5.20% during intraday trading on Tuesday, as the stock experienced significant downward pressure.

The decline was part of a broader sell-off in the optical communication sector, which saw major players across the industry posting substantial losses. Nokia was among several companies that fell more than 5% as sector-wide downturn weighed on investor sentiment.

The sector-wide weakness reflects broader market concerns impacting optical communication equipment providers, leading to coordinated selling pressure across related stocks.