Fabrinet is trading 5.3% lower at $372.14, apparently amid broader technology and AI-stock pressure as hotter-than-expected U.S. inflation revived rate-hike concerns.
- The decline extends a sharp drop from the October 14 close of $392.95.
- Reuters said inflation and rate concerns helped reignite the AI stock selloff, with technology shares falling broadly.
- No new company-specific announcement has been identified.