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Hong Kong stocks movement | Copper industry stocks declined across the board as the strong performance of the US dollar puts pressure on copper prices. Institutions state that demand expectations remain the core factor in copper price determination.
Copper stocks fell across the board. As of the time of this report, MMG (01208) dropped by 3.15% to 2.46 HKD; CMOC Group Limited (03993) fell by 2.91% to 5.33 HKD; CHINFMINING (01258) decreased by 2.14% to 5.02 HKD; and Zijin Mining Group (02899) slid by 1.95% to 14.08 HKD.
Copper Falls After Fed Signals Rate-Cut Slowdown -- Market Talk
Private Companies Are MMG Limited's (HKG:1208) Biggest Owners and Were Hit After Market Cap Dropped HK$3.5b
Hong Kong stocks' movements | Copper companies saw a widespread decline in early trading as copper concentrate long-term processing fees hit a historical low, Institutions indicate that the driving effect of policy expectations is fading.
Copper stocks all fell in the early session. As of the time of writing, MMG (01208) fell by 4.21%, trading at 2.73 HKD; CMOC Group Limited (03993) fell by 4.09%, trading at 5.63 HKD; Zijin Mining Group (02899) fell by 3.46%, trading at 15.06 HKD; JIANGXI COPPER (00358) fell by 1.98%, trading at 12.88 HKD.
Selected announcement | SenseTime completes organizational restructuring, focusing on core businesses such as generative AI; zijin mining group completes delivery of the Peru gold mine project.
In the first 11 months, yuexiu property had a cumulative contract sales of 101.02 billion yuan, a year-on-year decrease of approximately 24%; Fangzhou Jianke was included in the hang seng hong kong-listed biotech index constituent stocks.
Hong Kong stocks morning report on December 4: The situation in south korea causes a huge shock in asset prices, while the trends of china concept stocks show divergence.
① South Korea's President Yoon Suk-yeol suddenly launched an emergency martial law, but Congress resisted and voted to reject it. ② The USA's labor market shows subtle changes: the number of job vacancies rebounds. ③ The number of CEOs leaving their positions in the USA this year has reached a record high. ④ Yen arbitrage trading is thriving, and the Bank of Japan is reaching for the "interest rate knife." ⑤ The three major US stock indexes had mixed results, with the Nasdaq and the S&P 500 index continuing to set new closing highs, while the trend of china concept stocks showed divergence.
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