Express News | Hong Kong Stock Market Close: Hang Seng Index Down 1.62%, Hang Seng Tech Index Down 2.66%

BreakingsMay 15 16:16

Hong Kong Stock Market Movement | Non-ferrous metal stocks continue to decline as expectations of interest rate hikes suppress the price increase potential for non-ferrous metals; institutions indicate weak short-term demand for copper and aluminum.

Non-ferrous metal stocks continued to decline. As of press time, Minmetals Resources (01208) fell by 5.41% to HKD 9.79; Jiangxi Copper Company (00358) dropped by 4.82% to HKD 37.5; China Nonferrous Metal Mining (01258) decreased by 4.45% to HKD 1.17; and Aluminum Corporation of China (02600) declined by 4.29% to HKD 10.92.

Zhitong FinanceMay 15 10:50

Overview of 'National Team' Holdings in Q1: Coal Mining Tops the List for Increased Positions, Finance Remains the 'Stabilizer,' Social Security Fund Shows High 'Tech Content'

State-owned large banks, insurance, securities, coal mining, and白酒 remain the top five heavily-weighted industries in the National Team's portfolio. Among these, state-owned large banks lead by a wide margin with a holding scale exceeding three trillion yuan, serving as the core stabilizing force in the National Team’s strategic asset allocation.

lanjinger.comMay 14 16:08

Citi: Copper is the top pick in China's materials sector, with mining stocks expected to follow the rebound in commodity prices.

Citi stated that since the Iran conflict, all mining stocks, except for lithium-related equities, have underperformed underlying commodities and U.S.-listed mining peers, which may reflect the stock market pricing in risks of a slowdown in demand. Nonetheless, it is believed that equity performance should catch up with commodity prices. Analyst Jack Shang and others noted in a report that, given the current underperformance and the potential easing of tensions in the Middle East, copper has risen to the top of the preference order. Minmetals Resources and Luoyang Molybdenum have been added to the preferred list. Should the Strait of Hormuz reopen, both are expected to outperform. Jiangxi Copper performed the worst, but this was mainly due to sulfuric acid prices.

Gelonghui FinanceMay 12 08:55

Industrial Securities: The non-ferrous metals sector experienced an initial rise followed by a decline, with high-probability opportunities selected amidst geopolitical uncertainties.

If the new chair's policy stance shifts from hawkish to dovish in the second half of 2026, an increase in market expectations for rate cuts will drive real interest rates lower. This development, combined with structural support from a weakening of the US dollar's credibility, could propel gold prices to break through the current range and trend higher.

Zhitong FinanceMay 11 14:02

Tian Yongzhong, Vice General Manager of Chinalco Group, has been appointed as Director and Deputy Party Secretary of State Power Investment Corporation (SPIC).

Gelonghui, May 9th | According to the official website of State Power Investment Corporation Limited (SPIC), on the morning of May 9th, SPIC convened an enlarged meeting of its leadership team. The meeting announced the decision by the Organization Department of the Central Committee of the Communist Party of China regarding the appointment of Tian Yongzhong as a director and deputy party secretary of SPIC. These appointments will be processed in accordance with relevant legal provisions. Tian Yongzhong, male, Han ethnicity, is from Zhongwei, Ningxia, born in January 1973. He holds a master’s degree in accounting from Xi’an Jiaotong University and is a senior accountant. He has previously served as a member of the standing committee of the party committee and vice president of China Nonferrous Metal Industry Co., Ltd., as well as the party secretary and chairman of Yunnan Copper Corporation Limited.

Gelonghui FinanceMay 9 21:28