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… By 9.33am, it dropped by 2.86 per cent to HK$953.

News - South China Morning Post reports that 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…

The report adds: 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...

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