Hong Kong Market Movement | Copper Stocks Decline Again as U.S. Copper Tariff Policy Remains Uncertain; Macro Factors Continue to Be Key Drivers of Copper Prices

Copper mining stocks declined again. As of the time of writing, China Nonferrous Mining Corporation (1258.HK) fell 6.52% to HK$12.19; MMG Limited (1208.HK) dropped 5.5% to HK$7.21; Jiangxi Copper Company Limited (0358.HK) decreased by 4.89% to HK$30.74; and Zijin Mining (2899.HK) slid 3.95% to HK$29.64.

Zhitong FinanceJul 17 11:04

Express News | Goldman Sachs: Central Bank Buying to Support Gold Prices

BreakingsJul 17 20:38

Hong Kong Stock Market Movement | Gold Stocks Decline Again as U.S.-Iran Tensions Show Signs of Escalation and Spillover; Inflation Expectations May Exert Sustained Downward Pressure on Gold Prices

Gold stocks declined again. As of the time of writing, Zijin Gold International (02259.HK) fell 7% to HK$96.25; Chifeng Gold (06693.HK) dropped 6.8% to HK$25.78; Shandong Gold (01787.HK) decreased 5.15% to HK$17.33; and Zijin Mining (02899.HK) slid 4.15% to HK$29.58.

Zhitong FinanceJul 17 09:54

Iran is reported to be planning to open a front at the Strait of Mandeb, with Houthi forces already deploying missile-equipped drones on standby.

According to three sources who spoke to Reuters on Thursday, Iran has asked Yemen's Houthi militants to prepare to shut down the Red Sea oil shipping route under specific conditions: if the United States attacks Iran's power infrastructure, the Houthis would take action at the Bab el-Mandeb Strait. This arrangement has been discussed within Iran's top leadership bodies and has already been communicated to the Houthi group.

Golden10 DataJul 16 21:00

Zijin Mining (02899.HK) received a UBS Group purchase of 14.886 million H-shares, valued at approximately HK$449 million.

According to a filing disclosed by the Hong Kong Stock Exchange on July 16, UBS Group AG acquired an additional 14.886 million H-shares of Zijin Mining (02899.HK) on July 10 at an average price of HK$30.1514 per share, amounting to approximately HK$449 million. Following this transaction, UBS Group’s total holdings in Zijin Mining increased to 361 million shares, raising its long position stake from 5.78% to 6.03%. Source: Equity Disclosure, Hong Kong Stock Exchange What is equity disclosure? Under the requirements of the Hong Kong Stock Exchange, substantial shareholders (individuals or companies holding 5% or more of a listed company's shares) must disclose their stakes in

Futu NewsJul 16 17:14

As gold prices battle around the $4,000 mark, Fidelity International declared: 'The gold bull market won’t end until fiscal discipline returns,' and is selectively repositioning to overweight.

Beyond short-term volatility and sentiment swings, some large institutional investors with long-term horizons are planning their allocations from a longer-term perspective. Ian Samson, multi-asset portfolio manager at Fidelity International, recently revealed that Fidelity is considering returning to an overweight position in gold—the only question being timing.

Zhitong FinanceJul 16 15:06