China Power Stocks Slip; Mindong Electric Locked at Limit-Down

A sector-wide slide without a cited catalyst is less about any single company's fundamentals and more about positioning in a crowded utility trade. The limit-down lock at Mindong Electric, alongside declines across Lixin Energy, Leshan Electric Power, Dalian Thermal Power, Zhongmin Energy and Huadian Liaoning Energy, points to correlated selling rather than idiosyncratic weakness. What is worth watching is whether the absence of a clear trigger keeps the move contained to a single session or whether it signals broader de-risking from the power theme.