Zhaojin Mining (1818.HK) plunged 10.37% during regular trading to HK$16.400, marking a 52-week low with turnover of HK$341 million.

The decline came after spot gold prices lost the key $4000 level to trade at $3977.21 amid rising US rate hike expectations and PCE data release. Hong Kong gold miners faced broad pressure with Zijin Mining falling over 6% to near ten-month lows while Shandong Gold and Lingbao Gold dropped 6% to 9%. Deutsche Bank earlier cut its Q3 gold price forecast by 22% to $4300, further dampening sector sentiment.