Strong Rebound in Optical Communications Sector of Hong Kong Stocks and General Correction in Technology Stocks on June 3, 2026

On June 3, 2026, the Hang Seng Index of Hong Kong stocks fell by 1.69%, and technology stocks generally pulled back. Meituan fell by more than 6%, and Tencent and JD.COM fell by nearly 4%. The optical communication sector performed strongly, with YOFC Optical Fiber and Cable rising by more than 17%, Cambridge Technology rising by more than 5%, and Xizhi Technology rising by more than 10%. Cambridge Technology's bright performance pushed the sector to rebound.