On July 2, Nokia declined 3.02% overnight, trading at $12.52 per share, with turnover of $7.826 million.

On the news front, major asset management firm FMR LLC disclosed that its voting rights in Nokia have fallen below 5%, sending a continued institutional de-risking signal that weighed on market sentiment. The reduction disclosure, first reported on July 1, has extended selling pressure into the following session. Nokia had previously entered a profit-taking phase after announcing AI network collaborations with Amazon Web Services and Google Cloud in late June, with shares accumulating a decline of over 15% from June 26 to 29 as gains were unwound.

Meanwhile, the broader Communication Equipment sector remained under pressure, with Applied Optoelectronics down 5.24%, Ciena down 2.63%, Lumentum down 2.58%, and Arista Networks down 0.97%, amplifying downside momentum through sector linkage effects.

(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.)