Hong Kong stock midday review | The three major Indices are mixed, with the tech index up 0.15%; domestic property and retail stocks rose, RADIANCE HLDGS surged nearly 68%, and CHOW TAI FOOK rose over 6%.
Network Technology stocks showed mixed results, with SENSETIME-W up 4.26% and XIAOMI-W up 3.85%; gold stocks generally fell, with TONGGUAN GOLD up 5.24% and LINGBAO GOLD down 4.76%; property service and management stocks rose across the board, with EVERG SERVICES up 3.85% and CHINA RES MIXC up 3.03%.
Hong Kong stocks movement | Gold stocks generally turned down, LINGBAO GOLD (03330) fell nearly 5%, Zijin Mining Group (02899) fell over 2%.
Gold stocks generally turned lower. As of the time of publication, LINGBAO GOLD (03330) is down 4.76%, trading at 12 HKD; Zijin Mining Group (02899) is down 2.29%, trading at 19.64 HKD; SD GOLD (01787) is down 1.88%, trading at 26.05 HKD.
Hong Kong stocks moved unusually | Gold stocks opened high and then fell, and spot Gold once turned to decline in Asia.
On June 16, according to Gelonghui, Hong Kong stocks related to gold experienced a high open and low close, with LINGBAO GOLD declining over 4%, ZHAOJIN MINING falling over 3%, Zijin Mining Group down 2.5%, SD GOLD dropping nearly 2%, and Chifeng Jilong Gold Mining and CHINAGOLDINTL both declining over 1%. In terms of news, following the impact of sudden events, risk aversion in the financial markets has increased, leading to a strong performance in international gold prices. The main contract for New York Gold Futures briefly rose over 1%, breaking through early May's high. Besides geopolitical events, the USD has also pushed gold prices higher. In today's Asian trading session, spot gold briefly showed a decline, with the pace of increase slowing down. Analysts point out that the demand for safe-haven assets is driving this trend.
Hong Kong stock market afternoon commentary | All three major Indexes fell, with the Tech Index down 2.08%; Network Technology stocks corrected, with Meituan down nearly 3%; Gold stocks strengthened against the trend, Chifeng Jilong Gold Mining rose over
Network Technology stocks declined, with Bilibili-W falling by 2.81% and MEITUAN-W dropping by 2.77%; several Autos stocks also fell, with Xpeng Motors-W down by 5.37% and BYD shares down by 4.09%; however, shipping and port stocks rose, with COSCO SHIP ENGY increasing by 11.53% and COSCO Shipping Holdings rising by 5.08%.
The situation in the Middle East has escalated, with spot Gold reaching a new high since May 8, and Institutions are Bullish on the upward trend of Gold.
Israel has launched an attack on Iran, and the situation has further escalated.
Gold stocks were strong at the start, with Chifeng Jilong Gold Mining (06693) rising 8.82%. The tense geopolitical situation is pushing up gold prices.
Jinwu Finance | Gold stocks started strong; as of the time of writing, Chifeng Jilong Gold Mining (06693) rose by 8.82%, SD GOLD (01787) rose by 7.39%, LINGBAO GOLD (03330) rose by 6.06%, CHI SILVER GP (00815) rose by 5.32%, ZHAOJIN MINING (01818) rose by 5.28%, and TONGGUAN GOLD (00340) rose by 4.63%. On the news front, according to CCTV News, Israel launched an attack on Iran early in the morning on the 12th local time. According to reports from the Central Broadcasting Station, continuous explosions were heard in Tehran, the capital of Iran. The tense geopolitical situation is driving up gold prices.
Express News | The Gold Concept continues to be strong, Shandong Humon Smelting has two consecutive boards.
Express News | Hong Kong gold stocks continue to rise, with Chifeng Jilong Gold Mining up nearly 7%.
CHIFENG GOLD: (1) POLL RESULTS OF THE 2024 AGM HELD ON 12 JUNE 2025;(2) DISTRIBUTION OF THE 2024 FINAL DIVIDEND;(3) AMENDMENTS TO THE ARTICLES OF ASSOCIATION; AND(4) ABOLITION OF THE SUPERVISORY COMMITTEE
Express News | The Gold Concept stocks surged with Shandong Humon Smelting and Guangdong CHJ Industry both hitting the daily limit.
Hong Kong stock midday review | All three major Indices fell, the Technology Index dropped by 1.05%; Network Technology stocks corrected, Kuaishou fell nearly 5%; Gold stocks rose, Zijin Mining Group increased by nearly 6%.
Network Technology stocks weakened, KUAISHOU-W fell 4.74%, Alibaba-W dropped 2.03%; biotechnology stocks generally rose, ZAI LAB increased 9.28%, BEIGENE rose 5.41%; Nonferrous Metals stocks rose across the board, Zijin Mining Group gained 5.72%, ZHAOJIN MINING increased 5.19%.
Hong Kong stocks moved unusually丨Gold stocks rose against the trend. CHI SILVER GP increased by 5%, and LINGBAO GOLD rose by 3%.
On June 12, according to Ge Longhui, Hong Kong stock gold stocks rose against the trend. Among them, CHI SILVER GP rose by 5%, LINGBAO GOLD rose by nearly 3%, Chifeng Jilong Gold Mining, SD GOLD, CHINAGOLDINTL, ZHAOJIN MINING, and TONGGUAN GOLD all rose by more than 2%. In news, Trump's unilateral tariff remarks and the US CPI put pressure on the dollar, and gold prices continued to rise. On Wednesday, New York futures gold rose by 0.9%, temporarily surpassing $3,380, and the current spot gold in Asia has risen by 0.5% to report $3,372. Additionally, the European Central Bank released a heavy report titled 'The International Status of the Euro.' The report stated that gold has surpassed the euro, becoming the second largest reserve asset in the world.
Hong Kong stocks are moving differently | Gold stocks are generally active as US CPI data boosts rate cut expectations and tensions in the Middle East escalate again.
Gold stocks are generally active, with the Hong Kong Gold Group (03939) rising by 5.56% to HKD 33.25; LINGBAO GOLD (03330) rising by 2.68% to HKD 12.24.
Hong Kong Stock Concept Tracking | Trump's unilateral tariff remarks and US CPI put pressure on the dollar, Gold prices continue to rise (including concept stocks)
Gold has replaced the Euro as the second largest asset in global central bank reserves.
Market quick look | All three major Indices fell, with the tech index down 0.76%; precious Metals and pharmaceutical stocks rose against the trend, with 3SBIO up nearly 10% and CHI SILVER GP up more than 17%.
Network Technology stocks weakened, MEITUAN-W fell 2.70%, JD-SW declined 1.57%; Gold stocks performed well, CHI SILVER GP rose 17.65%, TONGGUAN GOLD increased 7.09%; Biotechnology stocks strengthened, JingTai Holdings rose 16.70%, Boa Biotechnology increased 15.47%.
CICC: The abundance of funds in the Hong Kong stock market and the scarcity of Assets.
CICC believes that the "abundance of funds" due to excessive liquidity and the "lack of assets" with limited returns will inevitably lead to overall Index trends being difficult to find, resulting in range-bound fluctuations, while structural market trends will flourish. Currently, the overall macro and market environment in China still needs repair but has structural highlights that are more favorable for Hong Kong stocks. This is because whether it is providing stable returns through dividends, or representing the mainline of structural opportunities such as new consumption, AI Technology, or even innovative drugs, Hong Kong stocks have a greater advantage, which also explains the outperformance of the Hong Kong stock market.
Why has the Hong Kong stock market become the number one harbor for enterprises "going out"? A deep decoding of the seven core motivations.
Recently, Beijing Roborock Technology, which supplies smart cleaning robots, and BlueFocus Intelligent Communications Group, a provider of public relations and digital marketing solutions, both officially announced their intentions to list in Hong Kong, joining many A-share companies that are eagerly waiting to simultaneously list on the AH Stocks market. Why are A-share listed companies still rushing to the Hong Kong market?
Chifeng Jilong Gold Mining Updates Final Dividend Details
Chifeng Jilong Gold Mining (06693) will distribute a final dividend of 1.6 yuan for every 10 shares on July 17.
Chifeng Jilong Gold Mining (06693) announced that it will distribute dividends on July 17, 2025, with a record date of December 3, 2024...
CHIFENG GOLD: CLOSURE OF REGISTER OF MEMBERS OF H SHARES FOR DETERMININGTHE ENTITLEMENT TO THE 2024 FINAL DIVIDEND;CHANGE OF EXPECTED 2024 FINAL DIVIDEND PAYMENT DATE; ANDWITHHOLDING TAX ARRANGEMENT FOR THE 2024 FINAL DIVIDEND