On June 24, Weichai Power fell 3.01% in regular trading, trading at HK$37.98/share, with turnover of HK$141 million, extending its recent correction trend.

On the news front, the Construction Machinery and Heavy Trucks sector experienced broad-based weakness, dragging down individual stocks. SANY International fell 6.23%, SINOTRUK declined 4.95%, and CRRC dropped 3.11%, reflecting widespread selling pressure across the industry.

Adding to the headwinds, foreign institutional selling pressure persists. JPMorgan reduced its position by approximately 7.84 million shares on June 3, involving roughly HK$313 million, lowering its stake to 8.78%. Wellington Management also sold approximately 2.5 million shares at around HK$36.81 per share. Southbound capital has cumulatively net sold 24.74 million shares over the past 20 trading days, maintaining sustained downward pressure on the stock price.

Weichai Power is a China-based company primarily engaged in the R&D, manufacturing, and sale of powertrain systems, complete vehicles, and key components, with operations spanning power systems, commercial vehicles, agricultural equipment, and smart logistics.

(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.)