On June 11, Harbin Electric fell 5.55% in regular trading, trading at 15.85 HKD/share, with trading volume of 10.61 million HKD. The decline extends a two-day sell-off in the power equipment sector driven by concerns over rising international oil and gas prices suppressing gas turbine demand.

On the news front, escalating US-Iran tensions have intensified shipping risks in the Strait of Hormuz, pushing international oil and gas prices higher. On the power generation side, rising raw material costs for gas turbines are dampening power plant investment and equipment procurement willingness. On the industrial side, increased gas costs for petrochemical and steel enterprises are prompting delays in capital expenditure plans, leading to downward revisions in downstream equipment order expectations.

Within the Heavy Electrical Equipment sector, stocks declined broadly. Among peers, Dongfang Electric fell 6.22%, Goldwind fell 2.34%, Guoxia Tech fell 2.47%, Shanghai Electric fell 1.80%, and Dajin fell 1.04%. Harbin Electric's business encompasses gas power equipment manufacturing, making it directly exposed to weakening gas turbine demand expectations.

(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.)