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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: China optical stocks sink on reports of potential US import ban

United States China Donald Trump

Shares of Chinese optical module makers slumped on Wednesday after a Reuters report said the Trump administration was drafting a ban on U.S. imports of new models of Chinese data centre components, triggering a sharp selloff across the sector.

The CSI300 Telecommunication Services Index dropped as much as 9% in early trade, led by heavy losses in export-oriented optical module manufacturers.

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