What: Shares of Chinese diesel engine manufacturer China Yuchai International
So what: China Yuchai investors have had a rough week, but they need to put this move into perspective because the company has doubled in value since August. Today's move appears to be in conjunction with an overall sell-off of high-growth Chinese names. These higher-beta names often follow the Nasdaq to the downside when it's having a rough day.
Now what: With no apparent news, it looks like today's move is related more to a technical break in the uptrend than anything else. If investors were to take a hard look at competitor Cummins
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