Hong Kong Stock Movement: Silver Token Project Approval in Doubt, TIMELESS Stock Price Plummets 10%, Attracting Market Attention

Hong Kong Stock Movement

TIMELESS Resources fell by 10%. Based on recent key news:

1. On November 4th, TIMELESS Resources announced a partnership with Aito Securities to issue silver tokens. This move aims to promote Hong Kong's first silver tokenized physical asset project; however, there is uncertainty in the market regarding the approval of this project, leading to a decline in stock price.

2. On November 3rd, Aito Securities submitted an application to the Securities and Futures Commission for the issuance of silver tokens. The application includes token terms and structure, and the market is cautiously observing whether it can be approved, affecting stock performance.

3. In mid-September, TIMELESS Resources signed a strategic cooperation memorandum with Aito Financial and HashKey Group. The three parties are collaborating to issue digital tokens, but market attention to the project's progress is low, putting pressure on the stock price. The rare metals industry has been volatile recently and requires attention.

Stocks with High Trading Volume in the Industry

Luoyang Molybdenum Co., Ltd. rose by 0.48%. Based on recent key news:

1. On November 6th, Luoyang Molybdenum announced a change in company secretary, with Mr. Xu Hui qualifying to serve as company secretary under listing rules, leading to a 5.92% increase in stock price. This change may enhance the stability of the company's governance structure and boost investor confidence.

2. On November 5th, Morgan Stanley reduced its holdings in Luoyang Molybdenum by 2.883071 million shares, lowering its stake to 5.94%. This move may lead to short-term pressure on the company's stock, but the long-term impact is limited.

3. On November 5th, Luoyang Molybdenum received a new patent authorization, enhancing its technological innovation capabilities, which may strengthen the company's competitiveness in the molybdenum smelting industry and support stock price increases. The rare metals industry is performing strongly, with significant capital inflow.

Minmetals Resources rose by 1.34%. Based on recent key news:

1. On November 6th, Minmetals Resources announced that Chairman Xu Jiqing will resign to focus on his role as Deputy General Manager of China Minmetals Group. This news may raise market attention to changes in the company's governance structure, leading to stock price fluctuations.

2. On November 5th, the European Union launched a second-phase investigation into Minmetals Resources' acquisition of Anglo American's Brazilian nickel business. This move may affect the final completion of the transaction, increasing market uncertainty and impacting stock prices.

3. On November 5th, investment banks primarily rated Minmetals Resources as a buy, with a target average price of HKD 5.95. CITIC Securities gave it an overweight rating, indicating market confidence in the company's prospects. The industrial metals industry has been volatile recently and requires attention to policy changes.

Wanguo Gold Group rose by 5.07%, with a trading volume of HKD 119 million, and no significant news recently. The trading is active, with clear capital flow; considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation.

Stocks with High Market Capitalization in the Industry

Liqin Resources rose by 3.82%, with a market capitalization of HKD 34.5 billion, and no significant news recently. The trading is active, with clear capital flow; considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation