Movement Alert｜Weichai Power Falls 3.44% in Regular Trading, Company Clarifies No Gas Turbine Products Triggering Concept Fund Withdrawal

Market Focus06-02

On June 2, Weichai Power (02338.HK) fell 3.44% in regular trading, trading at 38.84 HKD/share, with trading volume of 176 million HKD.

On the news front, Weichai Power officially responded on the investor relations platform on June 1, stating clearly that the company does not have gas turbine products. This clarification was in response to investor inquiries about whether the company had secured orders related to SpaceX's reported $2.8 billion gas turbine procurement for AI data center power supply. The market had previously included Weichai Power in the gas turbine concept speculation chain due to its data center power supply business, and the official denial accelerated the exit of concept-driven funds.

On the A-share side, the stock had already shown signs of pressure, with an 8.04% intraday swing and 2.91% turnover rate on May 29, accompanied by sustained net outflows from institutional investors. The company continues to develop its SOFC products for data center applications and hydrogen fuel cell systems, though these are distinct from gas turbine technology.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1176075545?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-02 09:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1176075545","market":"us","top_or_hot":-1,"title":"Movement Alert｜Weichai Power Falls 3.44% in Regular Trading, Company Clarifies No Gas Turbine Products Triggering Concept Fund Withdrawal","media":"Market Focus","content":"<p><p>On June 2, Weichai Power (02338.HK) fell 3.44% in regular trading, trading at 38.84 HKD/share, with trading volume of 176 million HKD.</p><p>On the news front, Weichai Power officially responded on the investor relations platform on June 1, stating clearly that the company does not have gas turbine products. This clarification was in response to investor inquiries about whether the company had secured orders related to SpaceX's reported $2.8 billion gas turbine procurement for AI data center power supply. The market had previously included Weichai Power in the gas turbine concept speculation chain due to its data center power supply business, and the official denial accelerated the exit of concept-driven funds.</p><p>On the A-share side, the stock had already shown signs of pressure, with an 8.04% intraday swing and 2.91% turnover rate on May 29, accompanied by sustained net outflows from institutional investors. The company continues to develop its SOFC products for data center applications and hydrogen fuel cell systems, though these are distinct from gas turbine technology.</p><p>(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.)</p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Movement Alert｜Weichai Power Falls 3.44% in Regular Trading, Company Clarifies No Gas Turbine Products Triggering Concept Fund Withdrawal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMovement Alert｜Weichai Power Falls 3.44% in Regular Trading, Company Clarifies No Gas Turbine Products Triggering Concept Fund Withdrawal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-06-02 09:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On June 2, Weichai Power (02338.HK) fell 3.44% in regular trading, trading at 38.84 HKD/share, with trading volume of 176 million HKD.</p><p>On the news front, Weichai Power officially responded on the investor relations platform on June 1, stating clearly that the company does not have gas turbine products. This clarification was in response to investor inquiries about whether the company had secured orders related to SpaceX's reported $2.8 billion gas turbine procurement for AI data center power supply. The market had previously included Weichai Power in the gas turbine concept speculation chain due to its data center power supply business, and the official denial accelerated the exit of concept-driven funds.</p><p>On the A-share side, the stock had already shown signs of pressure, with an 8.04% intraday swing and 2.91% turnover rate on May 29, accompanied by sustained net outflows from institutional investors. The company continues to develop its SOFC products for data center applications and hydrogen fuel cell systems, though these are distinct from gas turbine technology.</p><p>(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.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02338","symbol_name":"潍柴动力","start_time":0,"source_url":"","article_id":"1176075545","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1176075545","pubTimestamp":1780364467,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On June 2, Weichai Power (02338.HK) fell 3.44% in regular trading, trading at 38.84 HKD/share, with trading volume of 176 million HKD.On the news front, Weichai Power officially responded on the...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02338":"潍柴动力"},"translate_title":"动静快讯|潍柴动力常规交易跌3.44%公司澄清无燃机产品引发概念资金撤离","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02338":1},"content_text":"On June 2, Weichai Power (02338.HK) fell 3.44% in regular trading, trading at 38.84 HKD/share, with trading volume of 176 million HKD.On the news front, Weichai Power officially responded on the investor relations platform on June 1, stating clearly that the company does not have gas turbine products. This clarification was in response to investor inquiries about whether the company had secured orders related to SpaceX's reported $2.8 billion gas turbine procurement for AI data center power supply. The market had previously included Weichai Power in the gas turbine concept speculation chain due to its data center power supply business, and the official denial accelerated the exit of concept-driven funds.On the A-share side, the stock had already shown signs of pressure, with an 8.04% intraday swing and 2.91% turnover rate on May 29, accompanied by sustained net outflows from institutional investors. The company continues to develop its SOFC products for data center applications and hydrogen fuel cell systems, though these are distinct from gas turbine technology.(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.)","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1176075545","isCrawlerRequest":true}