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Zijin Mining Group Company Limited (HKG:2899) Stocks Shoot Up 29% But Its P/E Still Looks Reasonable
JPMorgan increased its shareholding in several Chinese companies including Xiaopeng.
JPMorgan significantly increased its investment in assets in China. In a single trading day, JPMorgan invested approximately 1.286 billion Hong Kong dollars in stocks of several large Chinese companies. According to data from the Hong Kong Stock Exchange, JPMorgan increased its shareholding in Xpeng by approximately 0.639 billion Hong Kong dollars, raising its shareholding from 4.57% to 5.35%. Additionally, it increased its investment in Kanzhun by approximately 0.138 billion Hong Kong dollars, raising its shareholding from 9.88% to 10.05%. The investment bank also increased its shareholding in Zijin Mining Group by 0.222 billion Hong Kong dollars, raising its shareholding from 6.98% to 7.
Hong Kong stocks fluctuate | International gold prices temporarily under pressure, golden industrial concept collectively decline, lingbao gold (03330) falls nearly 5%.
The golden industrial concept collectively declined. As of the time of writing, Lingbao Gold (03330) fell by 4.85% to HKD 2.94; Zijin Mining Group (02899) fell by 3.59% to HKD 17.74; SD Gold (01787) fell by 3.31% to HKD 17.54.
Today's Pre-Market Movers and Top Ratings | LI, BABA, NKE and More
Express News | Hedge Funds Are Pouring Into ETFs Focusing on Chinese Equities With $2.4 Billion Inflows
Golden industrial concept strengthens in the afternoon, Zhaojin Mining (01818) rises by 3.92%, and china gold price sees the highest September increase of 24%.
Golden Industrial Concept News | Golden industrial concept strengthens in the afternoon, Zhaojin Mining (01818) up 3.92%, sd gold (01787) up 3.43%, zijin mining group (02899) up 2.72%, Chinagoldintl (02099) up 1.37%. In terms of news, data from the Shanghai Gold Exchange shows that in the first 9 months, the spot gold trading market on the Shanghai Gold Exchange has been quite active, with a 24% increase in the price of AU99.99, marking the largest increase in the same period in the past five years. The price of AU99.99 on the Shanghai Gold Exchange has remained above 590 yuan per gram for several days, reaching a new record on September 27.