$ESTUN(02715.HK) dropped five or six points. The industrial robot order cycle is still grinding at the bottom; any rebound over a couple of days gets beaten back. $CHERY AUTO(09973.HK) fell slightly. $WEICHAI POWER(02338.HK) dipped a little. These two heavyweights in the vehicle and powertrain sectors aren't making any major moves 😪. Stocks across China's manufacturing supply chain are all waiting for the same thing right now: the manufacturing PMI to climb back above the boom-bust line.
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