Hong Kong stock movement: JIANGXI COPPER falls over 10%: AI stocks plummet dragging down copper prices, market sentiment cautious

Hong Kong Stock Movement Jiangxi Copper fell 10.53%. Based on recent key news: On January 30, copper stocks fell overall, influenced by Microsoft's earnings report, leading to a sharp decline in AI stocks and a drop in copper prices. Copper supply is tight, and the processing fees for spot copper concentrate continue to decline, while the State Grid's investment plan provides support. Zhitong Finance On January 29, Jiangxi Copper recorded a large automatic cross-trade, with a net active sell of 55.21 million yuan, indicating a cautious market attitude towards its short-term trend. Economic Information Agency On January 30, Jiangxi Copper's stock price briefly approached a new high for the period, with a clear influx of funds, but divergences increased towards the end of trading, and technical overbought indicators were high, leading to a cautious market attitude towards future fluctuations in the copper sector. Zhitong Finance Copper prices fluctuate due to macro sentiment and supply. Stocks with High Trading Volume in the Industry China Nonferrous Mining fell 11.35%. Based on recent key news: On January 30, Saudi Arabia expanded its metal trading business, impacting the global supply chain. Saudi Manara Minerals Investment Company is negotiating cooperation with several international commodity trading giants, promoting capital inflow into the metal trading sector, which may create competitive pressure on China Nonferrous Mining's market position. (Financial Associated Press) On January 28, China Nonferrous Group held a special meeting on international operations, emphasizing the promotion of high-quality development in international operations. This move may not have immediately boosted market confidence, leading to a decline in stock prices. (China Nonferrous Group) On January 27, market funding divergences increased, with some profit-taking funds escaping. Despite the rising interest in the nonferrous metal sector, short-term volatility increased, leading to a decline in stock prices. (Financial Associated Press) The nonferrous metal sector's interest has increased, and volatility has intensified. China Daye Nonferrous Metals fell 6.44%. Based on recent key news: On January 30, copper stocks generally fell, influenced by Microsoft's earnings report, with increased market concerns about investment returns in the AI sector, leading to fluctuations in copper prices and a significant decline in China Nonferrous Mining. Zhitong Finance On January 30, Saudi Arabia expanded its metal trading business, planning to cooperate with international commodity trading giants to promote global supply chain layout and increase market competition pressure. Financial Associated Press On January 30, Minmetals Group established a new company to expand mineral resource exploration and mining business, intensifying industry competition. Qichacha Copper prices fluctuate, macro sentiment adjusts, and the market is under pressure. China Metal Utilization reached a trading volume of 19.8 million Hong Kong dollars, with no significant news recently. Trading is active, and fund flows are clear. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation. Stocks with High Market Capitalization in the Industry Jinchuan International, with a market capitalization of 8.405 billion Hong Kong dollars, has no significant news recently. Trading is active, and fund flows are clear. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation