Movement Alert｜DAJIN Falls 5.65% in Regular Trading, False EU trade-probe rumor overhang continues to pressure sentiment

Market Focus10-15

On October 15, DAJIN fell 5.65% in regular trading, trading at HK$22.64, with turnover of HK$97.63 million.

The move was linked to continued market digestion of the earlier false rumor that the EU had launched anti-dumping and anti-subsidy investigations into Chinese wind power towers and key structural components.

DAJIN has stated that the claim was untrue and that operations remain normal. Even so, the market remains sensitive because Europe accounts for a high share of the company’s revenue. The pressure has been amplified by weakness in its A-share line, which recorded two consecutive limit-down sessions, while main funds posted a net sell of RMB285 million on October 14 after a net sell of RMB347 million on October 13. The company is scheduled to review its first nine-month results on October 26.

(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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