Movement Alert|Weichai Power Falls 4.23% in Regular Trading, US-Iran Geopolitical Conflict Escalation Compounds Foreign Institutional Selling Pressure

Market Focus06-29 09:39

On June 29, Weichai Power fell 4.23% in regular trading, trading at 34.1 HKD/share, with turnover of approximately 99.74 million HKD.

On the news front, the US launched military strikes against Iran over the weekend, with heightened tensions at the Strait of Hormuz intensifying selling pressure on global risk assets. Concurrently, JPMorgan previously reduced its holdings by approximately 7.84 million shares totaling around 313 million HKD, while Wellington Management sold approximately 2.50 million shares. Southbound capital has accumulated net reductions exceeding 9 million shares over the past 20 trading days, sustaining foreign institutional selling pressure on the stock.

Within the Construction Machinery and Heavy Trucks sector, the overall tone remained weak. SINOTRUK fell 1.57%, CRRC declined 1.54%, and SANY HEAVY IND dropped 0.76%, with broad sector weakness further dragging on individual stock performance.

(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.)

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