Optical chip stocks slump; three Chinese listed firms say no price-cut news

The gap between rumor-driven selling and company denials is the real story here: three issuers explicitly said they had no price-cut information, yet none offered an alternative explanation for the moves, leaving the selloff without a confirmed fundamental trigger. Shijia Photons' attribution to an external research note on FCC policy suggests the correction may be sentiment- and policy-driven rather than tied to optical chip pricing itself. Whether the denials stabilize the sector, or the market keeps trading on unverified pricing chatter, is the open question to watch.