Zhongji Innolight Surges, MUFG Slips, Toyota Drops

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shares of Chinese optical transceiver makers surge as investors grew more optimistic about the impact of Nvidia’s roll-out of its co-packaged optics (CPO) platform. Shares of Zhongji Innolight surge as much as 18%
- MUFG shares fell as much as 3.5% after SMBC Nikko analysts said results were “uneventful” despite the bank’s 1Q net income beating estimates.
-Toyota unveiled a ¥1 trillion ($6.3 billion) buyback and lifted its profit outlook as resilient hybrid demand and a weak yen helped make up for rising costs, tariffs and supply disruptions. Shares fell as much as 3.1%.

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