On June 11, Weichai Power (02338.HK) fell 3.01% in regular trading, trading at 33.8 HKD/share, with trading volume of 244 million HKD, extending its recent downward trend.

On the news front, the company previously clarified on its investor relations platform that it has no gas turbine products, directly denying the market speculation around SpaceX procuring gas turbines to power AI data centers. This denial triggered accelerated withdrawal of concept-driven capital. Additionally, JPMorgan reduced its holdings by approximately 7.84 million shares on June 3 at roughly 39.88 HKD per share, totaling approximately 313 million HKD, lowering its stake to 8.78%.

On the capital flow side, the company's A-shares saw main capital net outflows exceeding 1 billion yuan in the prior week, while southbound funds cumulatively reduced positions by 24.74 million shares over the past 20 trading days. Multiple selling pressures continue to weigh on the stock price amid a broader sector downturn in Construction Machinery and Heavy Trucks.

(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.)