Movement Alert｜Nokia Oyj Rises 3.07% in After-Hours Trading, China Exit News Digested as Communication Equipment Sector Extends Rebound

Market Focus07:11

On August 27, Nokia Oyj rose 3.07% in after-hours trading, trading at $10.77/share, with turnover of $14.99 million.

On the news front, the negative impact from Nokia Oyj's previously reported plan to significantly scale back its China operations by year-end — including closing its Hangzhou R&D center and cutting approximately 1,600 jobs — continues to be absorbed by the market. The news initially triggered a 3.33% decline on August 24, but the stock has since posted consecutive sessions of recovery.

Meanwhile, the communication equipment sector extended its rebound momentum. Among sector peers, Applied Optoelectronics rose 4.08%, Ciena gained 2.94%, and Lumentum advanced 2.74%, reflecting improved industry sentiment that provided additional support. Additionally, Nokia Oyj recently retained its top ranking in Omdia's mobile core network portfolio competitiveness report for a second consecutive year, with its AI/ML and cloud-native capabilities receiving industry recognition, reinforcing fundamental support.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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