On July 2, Weichai Power (02338.HK) fell 3.93% in regular trading, trading at HKD 33.48/share, with turnover of HKD 383 million. The decline was primarily driven by sustained selling pressure from foreign institutions and broad weakness across the Construction Machinery & Heavy Trucks sector.

On the news front, Wellington Management Group LLP reduced its holdings by approximately 1.261 million shares on June 25 at HKD 37.86 per share, totaling approximately HKD 47.75 million, bringing its stake to 5.95%. Earlier, JPMorgan also reduced its position by approximately 7.84 million shares. Southbound capital has seen cumulative net selling of over 9 million shares over the past 20 trading days. The stock had rebounded 3.5% on June 30 following a cumulative decline exceeding 7% driven by US-Iran geopolitical tensions and institutional selling, but today's retreat suggests insufficient rebound momentum.

Within the sector, Times Electric fell 5.09%, UISEE Tech dropped 20.41%, while SINOTRUK rose 0.62% and CRRC gained 2.23%, with overall sector performance remaining subdued.

(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.)