China telecom gauge sinks to two-month low on US AI component curbs
BUZZ-China telecom gauge sinks to two-month low on US AI component curbs ** China's CSI 300 Telecommunication Services Index .CSI000916 slumps more than 6% to a two-month low after US lawmakers introduce legislation to keep Chinese-made optical transceivers used in AI data centers out of sensitive government systems
** Restrictions would target transceivers made by China's Eoptolink Technology 300502.SZ and Innolight Technology 300308.SZ
** Eoptolink shares fall 7.4%, while Innolight's onshore and offshore stocks 3308.HK are down nearly 10% each
** The transceivers allow data to travel over fiber-optic cables at the speed of light and are at the heart of the US AI infrastructure rollout, with some data centers requiring millions of them
** YTD, CSI 300 Telecommunications Services Index up 22%
** China's benchmark CSI 300 Index .CSI300 down around 2% on Monday
(Reporting by Shanghai Newsroom)
((li.gu@tr.com))
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