BPZIJIN@EC2604A(20308.HK)

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20308.HK
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Shanghai copper climbs on China's plan to expand strategic reserves

Shanghai copper climbs on China's plan to expand strategic reserves

marketscreener·
HK
02899
+0.68%
SH
600362
-0.32%
marketscreener·
HK
02899
+0.68%
SH
600362
-0.32%

China to expand its copper strategic reserve, industry association says

Feb 3 (Reuters) - China will expand its copper strategic reserve, an official from the state-backed China Nonferrous Metals Industry Association said on Tuesday.The remarks were made by Duan Shaofu, the deputy secretary-general of the association, at a press conference, according to Shanghai Securities News. China will also explore building a commercial stockpiling system, with state-owned companies leading the commercial trial.China will also study including copper concentrates in its strategic reserves.

Reuters·
SH
600362
-0.32%
Reuters·
SH
600362
-0.32%

Gold’s recent ‘era of sharp, relentless’ rallies may be over

Spot gold was higher after breaking below its 55-day exponential moving average Monday for the first time since August 2025. UOB said gold’s recent “era of sharp, relentless” rallies may be over.

MSN·
HK
02259
-0.74%
HK
02899
+0.68%
MSN·
HK
02259
-0.74%
HK
02899
+0.68%

Hong Kong Stock Market Intraday | Hang Seng Index fluctuates at a high level, technology under pressure, semiconductor leaders show unusual movements, HUA HONG SEMI rises 5.03%, DRINDA rises 15.66%

The three major indices of the Hong Kong stock market showed mixed trends during the trading session, with the Hang Seng Index slightly rising while the Hang Seng Tech Index faced pressure and fell back. The internet sector experienced a significant decline, with tech giants such as TENCENT and KUAISHOU showing notable drops. The semiconductor sector led the gains strongly, with HUA HONG SEMI and DRINDA among the top performers. The market was influenced by rumors regarding tax policies, with funds focusing on structural hotspots and maintaining a cautious sentiment. The retail sector showed divergence, with MNSO strengthening against the trend. Overall, investors continued to adopt a high-level oscillation strategy, with prominent short-term sector rotations and funds flowing into semiconductors and some popular stocks

Market Heartbeat·
HK
02899
+0.68%
Market Heartbeat·
HK
02899
+0.68%

Deutsche Bank has an optimistic outlook on gold, expecting it to rise to $6,600 per ounce by 2027

JP Morgan is optimistic about gold, predicting that the price will rise to USD 6,300 per ounce by the end of the year and may reach USD 6,600 by 2027. Despite a recent 12% drop in gold prices, strong demand from central banks and investors will support gold prices. Analysts point out that the long-term rise in gold is not linear and is currently in an adjustment phase. UBS and Deutsche Bank also hold optimistic forecasts for gold prices, expecting new highs

Tasty Money·
SH
601899
+0.90%
HK
02259
-0.74%
HK
02899
+0.68%
Tasty Money·
SH
601899
+0.90%
HK
02259
-0.74%
HK
02899
+0.68%
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