Zijin Gold International drops 3% as HK gold miners sell off

Zijin Gold International (2259.HK) fell 3% in a five-minute window during Hong Kong trading on Wednesday, triggering a volatility alert. The stock traded at HK$136.00 as of 09:40 local time, down 1.31% on the session.

The sharp move came amid a broad selloff in Hong Kong-listed gold miners, with China Silver, Zhu Meng Jin, and Wan Guo Gold all dropping more than 3%. Pressure on the sector intensified after Wan Guo Gold announced plans to issue HK$5.5 billion in convertible bonds to fund strategic acquisitions of overseas gold mining assets, raising concerns about dilution and valuation headwinds across the peer group.