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Hong Kong Stock Market Midday Review | All three major indices fell, with the Tech Index down 0.62%; Autos and toy Concept stocks rose against the trend, with BYD shares up over 3% and Bruker rising over 6%.
Most Network Technology stocks fell, with JD-SW down 3.60% and NTES-S up 1.81%; many Golden Industrial Concept stocks declined, with Chifeng Jilong Gold Mining down 4.02% and TONGGUAN GOLD down 3.82%; Autos stocks rose, with BYD Company up 3.52% and Geely Auto up 2.40%.
Hong Kong stocks fluctuated丨Golden Industrial Concept fell, trade war cools down, gold dropped below 3170 dollars.
On May 15, Gelonghui reported that international gold prices fell, and Hong Kong stock gold shares declined. Among them, TONGGUAN GOLD dropped nearly 4%, Chifeng Jilong Gold dropped nearly 3%, SD GOLD and ZHAOJIN MINING fell over 2%, and LINGBAO GOLD and Zijin Mining Group dropped about 2%. In terms of news, gold prices plummeted on Wednesday due to easing global trade tensions, which alleviated concerns about a potential global economic recession, boosting investors' risk appetite and reducing gold's appeal as a safe haven. Currently, spot gold in Asia continues to decline, momentarily falling below $3170 per ounce. Market participants stated that the cooling off of market risk aversion is the primary reason for the adjustment in gold prices. The medium to long-term gold price outlook...
Hong Kong stocks are moving differently | The Golden Industrial Concept collectively weakens as international gold prices come under pressure again. Institutions suggest that gold may temporarily maintain a fluctuating pattern.
Golden Industrial Concept stocks have collectively softened. As of the time of writing, LINGBAO GOLD (03330) has dropped by 3.62%, trading at 8.51 Hong Kong dollars; TONGGUAN GOLD (00340) has decreased by 3.03%, trading at 1.28 Hong Kong dollars; and Chifeng Jilong Gold Mining (06693) has fallen by 2.76%, trading at 24.65 Hong Kong dollars.
In "The Big Line," China International lists the top ten stocks with the highest net Buy of Hong Kong stocks by southbound funds from April 1 to May 9 (table).
CITIC International released a report listing the top ten stocks with the highest net buy by southbound funds from April 1 to May 9: Stock │ Net Buy by Southbound Funds from April 1 to May 9 (HKD) Alibaba (09988.HK) │ 19.246 billion yuan MEITUAN-W (03690.HK) │ 15.141 billion yuan Tencent (00700.HK) │ 6.983 billion yuan Construction Bank (00939.HK) │ 4.037 billion yuan CNOOC (00883.HK) │ 2.789 billion yuan POP MART (09992.HK) │ 1.678 billion yuan KUAISHOU-W (010
Zhongtai: Q1 profits from Gold and Industrial Metals continue to increase, Bullish on investment opportunities in Precious Metals and Rare Earth Permanent Magnets Sector.
Be prepared for both possibilities.
Express News | Recent IPOs in the Hong Kong stock market were active in the afternoon, with Gu Ming rising over 6%, iFlytek Medical Technology and Chifeng Jilong Gold Mining rising over 5%, and Mixue Group and Little Garden rising over 2%.