On June 18, ZTE Corporation fell 3.23% in regular trading, trading at 25.28 HKD/share, with turnover of 287 million HKD. The decline was driven by a combination of persistent sector weakness, foreign institutional selling, and fundamental headwinds.

JPMorgan has continuously reduced its long position in ZTE H-shares in recent weeks, with its stake declining from 7.65% to 6.73% as of June 5, and further to 6.14% as of June 9, signaling a cautious stance from foreign institutional investors. Meanwhile, the Communications Equipment sector has experienced sustained weakness, with peers including Nanjing Panda down 4.26% today. ZTE shares have retreated from approximately 29 HKD to current levels over multiple trading sessions.

Additionally, ZTE's Q1 results reported on April 24 continue to weigh on valuation, with net profit attributable to shareholders declining 46.58% year-over-year and non-recurring adjusted net profit dropping 52.16%. The convergence of these multiple headwinds has intensified selling pressure on the stock.

(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.)