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Lumentum, Coherent surge on possible U.S. curbs for Chinese 3.2T optics

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  • Lumentum and Coherent shares advanced after reports of possible U.S. restrictions on Chinese optical transceivers.
  • Coherent rose 11.00% to $319.48 and Lumentum gained 7.74% to $1046.39.
  • U.S. lawmakers introduced legislation targeting Chinese optical transceivers in sensitive government systems.
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