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Golden industrial concept generally rebounds in Hong Kong stock market, with the US Q2 GDP far exceeding expectations, and the market is still betting on a US rate cut in September.
Golden industrial concept generally rebounded. As of press time, Chinagoldintl (02099) rose 4.8% to HKD 42.55; Lingbao Gold (03330) rose 2.25% to HKD 3.18; Zhaojin Mining (01818) rose 2.31% to HKD 13.26.
The golden industrial concept sector fell universally. Zhaojin Mining (01818) fell by 9.86%. Bank of China believes that the future interest rate cut path of the US Federal Reserve is still unclear. Metals face significant trade risks in the short term.
Jingu Caixun | The golden industrial concept sector is generally falling. As of press time, Zhaojin Mining (01818) fell 9.86%, China Gold International (02099) fell 7.5%, Lingbao Gold (03330) fell 6.91%, China Silver Group (00815) fell 6.78%, Zijin Mining Group (02899) fell 5.86%. Du Yang, a researcher at the Bank of China Research Institute, pointed out that the increasing uncertainty in the global economic and financial environment is one of the main reasons for the sharp fluctuations in metal prices. The lower-than-expected US inflation data has triggered the market's expectations of a rate cut by the Fed, further pushing up the price of gold. End.
Hong Kong stock market mid-day review: Hang Seng Index fell by 1.42%, recording 3 consecutive declines. Technology and financial stocks and other weights fell across the board. Photovoltaic stocks bucked the trend and rose.
The three major indexes continue to decline, all recording three consecutive falls.
Hong Kong stocks are volatile. Golden industrial concept ranks first in terms of decline, with chinagoldintl falling more than 8%. International gold prices continue to fall.
As of press time, the stocks of gold companies are leading the decline, with Chinagoldintl (02099) down 8.48% to HKD 42.1, Lingbao Gold (03330) down 6.61% to HKD 3.11, SD Gold (01787) down 5.46% to HKD 15.94, and Zijin Mining Group (02899) down 4.46% to HKD 15.
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