AI Supplier Zhongji Innolight Shares Drop 10% in Hong Kong Debut
China's Zhongji Innolight raised HK$53.4 billion in Asia's second-largest IPO of 2026 but saw its shares fall 10% on their first day of trading.
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China's Zhongji Innolight raised HK$53.4 billion in Asia's second-largest IPO of 2026 but saw its shares fall 10% on their first day of trading.
Showing 1-18 of 18 articles.
world
The Chinese optical transceiver producer's shares fell nearly 3% after completing Hong Kong’s largest IPO of the year, impacted by a worldwide decline in AI sector investor sentiment.
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world
Chinese optical parts maker Zhongji Innolight plans to price its Hong Kong IPO below the maximum, marking the city's largest share sale in nearly seven years.
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After an initial 13% rise on Nasdaq, SK Hynix shares fell sharply as investors worry the memory chip sector may have peaked.
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business
After an initial 13% rise on Nasdaq, SK Hynix shares fell sharply as investors question the sustainability of the memory chip market's growth.
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politics
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general
On July 6, 2026, Beyoncé dropped new music coinciding with a range of notable events across the United States, including sports updates, political calls, and public safety incidents.
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world
SK Hynix plans one of the largest share sales globally, leveraging surging demand for AI-related semiconductor technology.
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Fox News Latest | Jul 5, 2026, 11:38 PMShowing 1-18 of 18 articles.