Zijin Gold International climbs 4% as gold rebounds on dovish Fed tone
HK Stock Market Update·
Top 5 HK Stock Gainers/Losers (>100B) (9.3)
Top Gainers&Losers·HK Midday: HSI Gains Narrow After Higher Open; Gold & Resource Stocks Lead, Tech Fades
Market Pulse·- On September 3, Hong Kong stock indices opened higher with gains subsequently narrowing, as the Hang Seng Index rose 0.62% to 25,468.27 points. - Gold and resource stocks led the market gains driven by high international gold prices, while pharmaceutical stocks performed well and tech stocks opened high and fell back. - Real estate stocks exhibited divergent trends, and several individual stocks experienced significant fluctuations due to corporate developments and shareholding changes.HSI Opens Up 171 pts; TENCENT Gains 1%+; LENOVO GROUP Leaps 3%+
AASTOCKS News·- The Hang Seng Index opened 171 points higher at 25,482 following a positive close in US stock markets. - Major technology stocks and metal mining shares saw upward momentum, with Tencent and Lenovo Group posting notable gains. - Spot gold strength further supported related gold miners and metal stocks in early trading.Zijin Gold International climbs 4% as gold sector rebounds
HK Stock Market Update·HK Market Midday: Hang Seng Drops Over 1%, Gold Stocks Tumble While Pharma Bucks Trend
Market Pulse·- On September 2, Hong Kong stock indices declined across the board, with the Hang Seng Index falling over 1% and testing the 25000 mark. - Affected by factors such as rising US-Iran tensions, climbing global bond yields, and falling gold prices, gold stocks suffered severe losses. - Meanwhile, tech stocks generally dropped, while pharmaceutical stocks and certain individual shares bucked the trend to strengthen.Zijin Gold International drops 4% as gold retreats below $4,350
HK Stock Market Update·Top 5 HK Stock Gainers/Losers (>100B) (8.31)
Top Gainers&Losers·Zijin Gold International (2259.HK) tumbles 8% as gold stocks slide
HK Stock Market Update·Top 5 HK Stock Gainers/Losers (>100B) (8.28)
Top Gainers&Losers·Zijin Gold International rises 2% to near one-month high
HK Stock Market Update·Zijin Gold International hits one-month high after 26% weekly gain
HK Stock Market Update·International IPO Weekly Winners & Losers
RenaissanceCapital·- The Renaissance International IPO Index rose 1.3 % last week, outpacing the ACWX ex-US ETF, with Zijin Gold International and Kokusai Electric experiencing contrasting performances. - Unitree Robotics surged 346 % in its Shanghai STAR IPO, highlighting robust activity in Mainland China's market alongside notable gains from several Indian listings. - Upcoming market pipelines feature major expected offerings, including SHEIN's anticipated Hong Kong listing targeting a valuation of 26 billion dollars or more and new deals across India and other global regions.