A-Share Market Close: SSE Composite Index Rises 1.36%! Oil & Gas and PCB Sectors Surge, Commercial Space Sector Continues to Retreat

On July 14, A-share markets staged a V-shaped rebound. The Shanghai Composite Index rose 1.36% to close at 3,967.13 points, the Shenzhen Component Index gained 2.77%, the ChiNext Price Index advanced 3.43%, the Beijing Stock Exchange 50 Index increased by 2.25%, and the STAR 50 Index climbed 0.77%. Total market turnover amounted to RMB 2.7195 trillion, down RMB 115.2 billion from the previous trading day, with more than 4,200 stocks advancing across the market. On the sector front, escalating tensions in the Middle East and a sharp surge in international oil prices drove gains in the oil and gas sector, with Tongyuan Petroleum and Zhongman Petroleum hitting their daily trading limits. The PCB sector saw a wave of limit-up performances, as Shengyi Technology, Wus Printed Circuit, and Dongshan Precision all reached their daily highs. The precious metals sector also rose, with Chifeng...

Gelonghui Finance15:34

Gold stocks fell collectively, with Chifeng Gold and Shandong Gold down more than 4%, as gold prices breached the $4,000 mark.

Hong Kong-listed gold stocks traded broadly lower, with Chifeng Gold, Shandong Gold, Zhaojin Mining, and Zijin Gold International all falling more than 4%, while Zijin Mining, China Gold International, and Tongguan Gold declined over 2%. In news developments, during early Asian trading hours, spot gold fell below USD 4,000, down 0.02% on the day. The escalation of U.S.-Iran tensions served as the primary catalyst. U.S. President Trump announced the reinstatement of a naval blockade on Iran and imposed a 20% fee on cargo shipments passing through the Strait of Hormuz, causing oil prices to surge by over 9% on Monday. The sharp rise in oil prices reignited inflation concerns, reinforcing market expectations that the Federal Reserve will maintain high interest rates or even hike further—swap traders now price in a heightened probability of a rate increase in July.

Gelonghui Finance10:02

Hong Kong Market Moves | Gold Stocks Decline Across the Board as Deteriorating U.S.-Iran Tensions Fuel Rate Hike Expectations; Fed Governor Sends Strong Hawkish Signal

Gold stocks led the declines. As of this report, Zijin Gold International (02259) fell 4% to HK$93.6, and Shandong Gold (01787) dropped 3.42% to HK$17.23.

Zhitong Finance09:37

HK Market Movement | Gold Stocks Decline Across the Board as Escalating U.S.-Iran Tensions Fuel Inflation Expectations, with a Strong U.S. Dollar and Treasury Yields at Elevated Levels Weighing on Precious Metals Valuations

Gold stocks declined across the board. As of the time of writing, Tongguan Gold (00340) was down 3.16% at HK$1.84, and Shandong Gold (01787) fell 3.05% to HK$17.81.

Zhitong FinanceJul 13 11:17

Hong Kong Stocks Move Sharply | Gold Stocks Plunge Across the Board as US-Iran Tensions Drive Oil Prices Higher, Yet Gold Faces Sell-Off

Gelonghui, July 13 | Hong Kong-listed gold mining stocks declined collectively, with Zhaojin Mining falling more than 4%, Tongguan Gold down 3.68%, Shandong Gold, Lingbao Gold, and Zijin Gold International each dropping 2.5%, Chifeng Gold and China Gold International falling 2.3%, and Zijin Mining and Jihai Gold also declining. In market news, during the early Asian trading session, spot gold breached the USD 4,080 per ounce level, extending its intraday loss to 1.2%. Against the broader market backdrop, the weakness in the precious metals sector is directly linked to the recent pullback in gold prices. Influenced by recurring geopolitical tensions in the Middle East and a stronger U.S. dollar, spot gold briefly dipped below USD 4,070 per ounce during the session. Meanwhile,

Gelonghui FinanceJul 13 10:17

JPMorgan has acquired an additional 333,100 H-shares of Chifeng Gold (06693.HK), valued at approximately HK$9.1631 million.

Reported on July 10, according to filings disclosed by the Hong Kong Stock Exchange on July 10, JPMorgan purchased a total of 333,100 H-shares of Chifeng Gold (06693.HK) on July 7 at an average price of HK$27.5119 per share via on-exchange transactions and HK$27.5998 per share via off-exchange transactions, for a total value of approximately HK$9.1631 million. Following this purchase, JPMorgan’s latest holding stands at 16,684,800 shares, increasing its long position stake from 6.91% to 7.05%. Source: HKEX Equity Disclosure What are beneficial interests?

Futu NewsJul 10 17:14