On August 5, ZJ INNOLIGHT fell 12.74% in regular trading, trading at 1069.0 HKD/share, with turnover of HKD 604 million.

On the news front, Reuters reported on the evening of August 4 that the US Federal Communications Commission (FCC) is drafting a ban that would prohibit imports of new-model Chinese data center optical modules, with officials hoping to publish the rule within the year with immediate effect. The news triggered a broad selloff across the optical module sector, with peers Cambridge Technology falling nearly 11% and YOFC declining over 5% in Hong Kong trading.

The proposed ban remains an internal draft and has not been formally implemented. Multiple brokerages believe the probability of full enforcement is relatively low, but the short-term sentiment impact has been significant. ZJ INNOLIGHT had surged 17% just the previous trading day on August 4, reaching an all-time high of HKD 1,188 following major institutional purchases and a bullish initiation from Nomura with a HKD 1,595 target price.

(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.)