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China Stocks Sink To One-Year Low As Proposed US Curbs Hammer Optical Suppliers

China Stocks Sink To One-Year Low As Proposed US Curbs Hammer Optical Suppliers The CSI 300 Index, a leading benchmark tracking 300 of the largest stocks listed in Shanghai and Shenzhen, fell to a one-year low Monday. The index, roughly comparable to the S&P 500, came under pressure as co-packaged optics (CPO) shares sold off following a Reuters report of proposed US restrictions on Chinese optical transceivers used in sensitive government systems and data centers. UBS's Lucy Zhang offered clients a first take on the Reuters report and the resulting selloff in...
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