On August 27, Nokia Oyj rose 3.07% in after-hours trading, trading at $10.77/share, with turnover of $14.99 million.

On the news front, the negative impact from Nokia Oyj's previously reported plan to significantly scale back its China operations by year-end — including closing its Hangzhou R&D center and cutting approximately 1,600 jobs — continues to be absorbed by the market. The news initially triggered a 3.33% decline on August 24, but the stock has since posted consecutive sessions of recovery.

Meanwhile, the communication equipment sector extended its rebound momentum. Among sector peers, Applied Optoelectronics rose 4.08%, Ciena gained 2.94%, and Lumentum advanced 2.74%, reflecting improved industry sentiment that provided additional support. Additionally, Nokia Oyj recently retained its top ranking in Omdia's mobile core network portfolio competitiveness report for a second consecutive year, with its AI/ML and cloud-native capabilities receiving industry recognition, reinforcing fundamental support.

(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.)