On June 17, J&T Express-W (01519.HK) declined 3.17% in regular trading, trading at HKD 8.56 per share, with turnover of HKD 165 million.

The stock continues to trade under the shadow of a regulatory investigation announced on June 11, when the National Postal Bureau launched a formal probe into the company over safety production management failures. The regulator cited multiple safety incidents at enterprises operating under the J&T Express brand and accused the company of failing to implement unified safety management as required by law. Although J&T issued a statement on June 12 asserting the investigation would not have any material impact on its business or financial condition, and the stock briefly recovered ground by mid-June, investor caution persists as the probe remains unresolved.

The broader Air Freight and Logistics sector exhibited collective weakness, with ZTO Express down 1.47%, JD Logistics down 1.42%, SF Intra-City down 1.52%, SF Holding down 1.19%, and Sinotrans down 0.93%, amplifying downward pressure on the stock.

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