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Hong Kong stock market anomaly | CMOC Group Limited (03993) fell more than 6%, leading the decline in non-ferrous stocks. Economic recession worries resurface, global risk preference decreases significantly.
Non-ferrous stocks are generally down. As of publication, CMOC Group Limited (03993) fell 6.02% to HKD 5.46, Zijin Mining Group (02899) fell 4.6% to HKD 13.68, Aluminum Corporation of China (02600) fell 4.53% to HKD 4.43.
Does CMOC Group (HKG:3993) Have A Healthy Balance Sheet?
Hong Kong stocks unusual movement | Chinfmining (01258) fell more than 4%, leading the decline in copper stocks. Goldman Sachs will lower next year's copper price forecast by nearly 5000 US dollars.
Copper stocks continue to decline. As of the time of publication, Chinfmining (01258) fell by 4.06% to HKD 4.73; Chinagoldintl (02099) fell by 2.42% to HKD 30.2; cmoc group limited (03993) fell by 2.23% to HKD 5.69; mmg (01208) fell by 1.94% to HKD 2.02.
CMOC Group Limited (03993.HK) provides a guarantee of up to 1.387 billion US dollars for its subsidiary.
On September 4th, CMOC Group Limited (03993.HK) announced that Luoyang Luanchuan Molybdenum Co., Ltd. (hereinafter referred to as the 'Company') directly or through its wholly-owned subsidiaries (including both direct and indirect wholly-owned subsidiaries) will provide guarantees totaling an estimated amount not exceeding $1.387 billion for other wholly-owned subsidiaries.
CMOC Group's H1 Profit Surges 670% as Revenue Jumps 19%
HK stocks are volatile | Nonferrous metal stocks rose across the board in early trading, as the Fed chairman hinted at an interest rate cut, triggering a resonance in nonferrous metals.
Non-ferrous stocks rose in the early trading session, as of the time of publication, China Aluminum International Engineering Corporation (02068) rose by 4.49%, to 1.63 Hong Kong dollars; jiangxi copper (00358) rose by 4.21%, to 13.86 Hong Kong dollars; CMOC Group Limited (03993) rose by 4.07%, to 6.65 Hong Kong dollars.
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