China’s optical suppliers extend sell-off as fears of slower AI growth trump upbeat earnings

Shares of major Chinese optical communications suppliers slumped on Friday before clawing back some of their losses, extending a two-day sell-off despite upbeat third-quarter earnings driven by the global artificial intelligence infrastructure boom. Chengdu-based Eoptolink Technology closed 14.2 per cent lower at 196.00 yuan in Shenzhen on Friday, while Suzhou TFC Communication slid 8.4 per cent to 148.00 yuan and…