On August 25, Nokia Oyj rose 3.12% in pre-market trading, trading at $10.27/share, with turnover of approximately $5.39 million.

The rebound comes after Nokia declined 3.33% in the prior session on August 24, weighed down by continued fallout from reports that the company plans to close nearly all its offices in mainland China by year-end, including shuttering its Hangzhou R&D center and cutting approximately 1,600 jobs. The broader communication equipment sector also saw heavy selling that day, with Lumentum down 7.91%, Applied Optoelectronics down 17.15%, and Ciena down 7.41%.

In the current pre-market session, the communication equipment sector is staging a broad recovery. Among sector peers, Applied Optoelectronics is up 4.93%, Lumentum up 2.39%, Ciena up 2.31%, Arista Networks up 1.56%, and Cisco up 0.77%, suggesting the rebound is largely sector-driven rather than company-specific.

(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.)