Memo for Next Week
On March 16 (Monday), New Zealand's February Service Sector PSI: previous value 50.9; UK's March Rightmove house asking price index month-on-month: previous value unchanged; UK's March Rightmove house asking price index year-on-year: previous value unchanged; China's first two months of urban fixed asset investment year-on-year: forecasted to decline by 4.2%; China's February urban surveyed unemployment rate: forecasted at 5.1%; China's first two months of industrial added value above designated size year-on-year: forecasted to increase by 5%; China's first two months of total retail sales of consumer goods year-on-year: forecasted to rise by 2.5%; India's February wholesale price index year-on-year: forecasted to rise by 2.05%, previous value rose by 1.81%; India's February
Express News | Hong Kong Stock Market Review: Hang Seng Index Closes Down Nearly 1%, Large-cap Tech Stocks Mixed
Concerns over inflation hit expectations of Federal Reserve rate cuts, causing Hong Kong-listed gold stocks to decline again.
Hong Kong-listed gold stocks continued their downward trend. As of press time, Chifeng Gold fell by 6%, Zijin Gold International and Jihai Gold dropped more than 5%, Zhufeng Gold declined nearly 5%, while Shandong Gold and Zhaojin Mining fell close to 3%.
Express News | Hong Kong Stock Market Midday Review: Hang Seng Index fell by 1.23%, with weakness in technology and finance sectors, while coal and oil sectors remained active due to supply tightness.
Hong Kong Stock Market Midday Review | Hang Seng Index fell 1.23% in the morning session, with oil stocks continuing their upward trend.
Oil stocks continued their upward trend as the impact of strategic petroleum reserve releases weakened, and the ongoing closure of the Strait of Hormuz is expected to further push up oil prices.
Hong Kong-listed gold stocks collectively declined as a strong US dollar and inflation concerns weighed on gold prices, while the pace of Federal Reserve rate cuts remains uncertain.
On March 12, it was reported that Hong Kong-listed gold stocks collectively declined. As of the time of writing, JiHai Gold fell by more than 6%, Zijin Gold International dropped nearly 5%, Zhaojin Mining and Tongguan Gold decreased by over 4%, Lingbao Gold (One Hundred) and Shandong Gold fell by more than 3%, while China Gold International declined by over 2%.
Hong Kong Stock Movement | Gold stocks generally rise, with Lingbao Gold (100) hitting a record high as spot gold surpasses $5,180.
Gelonghui, March 10 | Gold stocks in the Hong Kong stock market generally rose. Among them, Lingbao Gold (Hundred) surged over 45% to hit a record high, Tongguan Gold and Zhufeng Gold increased by more than 4%, China Silver Group rose by 3.7%, Chifeng Gold climbed over 3%, and Zijin Mining, Zijin Gold International, Zhaojin Mining, and Shandong Gold also followed with gains. In Asian early trading, spot gold continued to rise, breaking through $5,180 per ounce, with an intraday increase of 0.85%; spot silver rose by 2% intraday, reaching $88.72 per ounce. The World Gold Council predicts that central banks' demand for gold will continue to grow in 2026. In recent quarters, China
Hong Kong-listed gold stocks collectively declined as the strong US dollar pressured precious metals, with spot gold falling below USD 5,100.
Hong Kong-listed gold stocks collectively declined. As of press time, China Silver Group fell nearly 9%, Zhufeng Gold dropped close to 8%, Zijin Mining plunged over 8%, China Gold International and Zhaojin Mining fell nearly 6%, while Chifeng Gold declined more than 5%.
Hong Kong-listed non-ferrous metal stocks led the declines, as copper and aluminum inventories surged significantly during the Spring Festival. The strength of the peak season will face a critical test.
Stocks in the non-ferrous metals sector led the declines. As of press time, Aluminum Corporation of China fell nearly 5%, China Nonferrous Metals Mining dropped over 2%, Jiangxi Copper Corporation declined nearly 2%, and Zijin Mining fell more than 1%.
Zhitong HKEX Stock Connect Fund Flow Statistics (T+2) | March 6
Zhitong HKEX Stock Connect Fund Flows | March 6
Stock Market Movement | Gold stocks collectively declined as the market expressed concerns that rising energy prices could drive inflation, potentially amplifying short-term volatility in gold prices.
Gold stocks collectively declined. As of press time, Zhufeng Gold (01815) fell by 7.33%, trading at HKD 1.39; Zijin Gold International (02259) dropped by 4.32%, trading at HKD 208.4.
Middle East conflict causes flight suspensions in Dubai, potentially disrupting 20% of global gold logistics and impacting silver as well!
Middle East conflict severely disrupts global precious metals supply chain: Suspension of flights to and from Dubai significantly hinders cross-border gold transportation, with Indian gold prices rebounding sharply from a $50 discount to parity with London prices within a week. The impact on silver may be even greater than on gold, as backlogs of 'blocked exports' in London worsen. Analysts warn that if the situation persists, supply shortages and price premiums in Asia will become unavoidable.
Stock movements in Hong Kong | Declines in the non-ferrous metals sector expand, with Minmetals Resources (01208) dropping over 11% and Zijin Gold International (02259) falling more than 9%.
The decline in non-ferrous metal stocks has further widened. As of press time, Minmetals Resources (01208.HK) fell by 11.06%, trading at HKD 9.81; Zijin Gold International (02259.HK) dropped by 9.4%, trading at HKD 221.8.
Hong Kong Stock Market Update | Gold stocks extended losses in the afternoon as precious metals retreated for the second consecutive day following a price surge; rising oil prices may weigh on gold performance.
Gold stocks extended their declines in the afternoon session. As of press time, Zijin Gold International (02259) fell by 8.74% to HKD 223.4; China Gold International (02099) dropped by 8.3% to HKD 194.4; Zijin Mining (02899) declined by 6.13% to HKD 43.22; and Chifeng Gold (06693) decreased by 5.58% to HKD 42.
Bank of America loudly proclaims a 'Metal Bull' in China's stock market! Aluminum sector top pick China Hongqiao, with target price raised to 48 USD.
Bank of America, a Wall Street financial giant, recently released a research report stating that in an environment of rising market volatility, it remains strongly bullish on directional markets for metals such as gold, copper, aluminum, and lithium within Chinese stocks. The core rationale is pinned on 'tighter supply + structural demand driven by electrification/AI megatrends.' Particularly, the copper and aluminum markets are expected to experience severe supply deficits, so even with short-term fluctuations, the trend framework remains unchanged. On the equity asset side, the metal sector of the Chinese stock market is 'highly recommended,' and the list of top picks in the metal market explicitly includes Zijin Mining, Zijin Gold, Aluminum Corporation of China (Chinalco), and others.
"Iran Hot War"! Precious metals rise, with spot gold once breaking through $5,400 per ounce.
The sudden attack by the US and Israel on Iran has reignited the flames of war in the Middle East, proving once again that 'when the guns fire, gold gains.'
Zhitong HKEX Stock Connect Fund Flow Statistics (T+2) | February 25
Zhitong HK Stock Connect Fund Flows | February 25
Hong Kong Stock Market Close | All Three Major Indices Rebound with Gains Exceeding 2%; AI Sector Shows Divergent Performance
①All three major indices rose by more than 2%. What are the highlights of the market? ②The AI sector is showing signs of a divergence in performance. How do institutions view this?
Non-ferrous metals stocks in the Hong Kong market have strengthened across the board, with institutions bullish on the long-term upward trend of gold prices.
① What are the main reasons for the strengthening of non-ferrous metals? ② How did each细分 concept perform individually?
Hong Kong Stock Market Midday Review | Hang Seng Index rose 2.29% in the morning session, with optical communication concept stocks leading gains.
Stocks related to optical communication ranked among the top gainers. Key enterprises in Optics Valley continued operations during the Spring Festival, with AI high-speed optical module orders scheduled through the fourth quarter.