On August 17, Nokia Oyj rose 3.02% in regular trading, trading at $11.115/share, with turnover of $414 million. The stock gained momentum as markets digested the confirmed closure of its Hangzhou radio frequency R&D center.

Nokia officially confirmed it will shut down the Hangzhou-based RF research unit and cut approximately 1,600 jobs, with sites in Beijing, Chengdu, Qingdao, and Shanghai also potentially facing closure. The market interpreted the move as a positive cost optimization signal, given that Nokia's China revenue has declined from a peak of EUR 2.2 billion to EUR 913 million, making an exit from low-return markets beneficial to its profitability structure. Nokia's Greater China headcount has shrunk significantly in recent years, while global employee numbers have fallen from a 2018 peak of approximately 103,000 to around 78,000 following multiple rounds of restructuring.

In the options market, bullish sentiment has been building ahead of the announcement, with a notable $494,000 dual long call combination placed on August 15 betting on a longer-term breakout to the upside, though some funds have shown caution regarding the magnitude of potential gains.

(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.)