HK Stock Market Move | YOFC (06869) rose more than 5% yesterday, and surged over 21% the day before. The market is paying attention to the price increase of optical fibers.

YOFC (06869) surged by more than 5%, with the stock skyrocketing by over 21% yesterday, and the company's A shares hitting the limit up for two consecutive days. As of the time of writing, it has risen by 5.2% to 48.94 Hong Kong dollars, with a trading volume of 11.63 billion Hong Kong dollars. On the news front, the recent market has been discussing the rise in fiber optic prices. According to financial news, some institutions believe that AI is driving the increase in fiber optic prices. Previously, the market generally believed that due to the slowdown in broadband investment by operators, fiber optics have always been in a price reduction cycle. However, fiber optics have recently started to rise in price, with the top four domestic fiber optic manufacturers, as well as overseas companies such as Corning and Furukawa, reporting that prices of loose tube cables have increased by about 15%. An industry report released by Huatai in November pointed out that the company's core product, G.654.E fiber optic cable, as the preferred choice for long-distance trunk network upgrades such as "East Counting West", has entered a period of rapid development. In the recent group-wide trunk network procurement by China Telecom Corporation, the company's G.654.E fiber optic cable won the largest share. In terms of next-generation fiber optic technology, the company's research and industrialization process of hollow core fiber optics is globally leading. In addition, the company's optical interconnect components business, including MPO, AOC, and high-speed copper cables, laid out through its subsidiary EverProX Technologies, has become a strong growth point. Benefiting from the construction of AI data centers in North America, the company's overseas business continues to expand.