JPZJGLD@EC2609A

HARBOUR DIGITAL

HUILI RES

51WORLD

GF HEALTHCARE

CONGYU INTE AGR

KWONG MAN KEE

160 HEALTH

DOUMOB

METASURFACE

PETRO-KING

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MINIMAX-WP(00100) rose 9.1%, with a trading turnover 2.8 Billion HKD, and a year-to-date rose 397.6%. COSCO SHIP HOLD(01919) rose 5.16%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 18.5%. DONGFANG ELEC(01072) fell 13.83%, with a trading turnover 1.5 Billion HKD, and a year-to-date rose 36.6%. GANFENGLITHIUM(01772) fell 10.85%, with a trading turnover 1.6 Billion HKD, and a year-to-date rose 13.9%.

Top Gainers & Losers

MINIMAX-WP

COSCO SHIP HOLD

PETROCHINA

CNOOC

OOIL

DONGFANG ELEC

GANFENGLITHIUM

SANHUA

ZIJIN GOLD INTL

Top 5 HK Stock Gainers/Losers (>100B) (3.3)

02899

The Strait of Hormuz has not yet been "physically blocked," but the sharp decline in shipping is due to traders actively avoiding risks, and a surge in oil prices may be inevitable. Goldman Sachs has issued a deep warning that if the conflict evolves into a "protracted war" similar to that of 2022, high fiscal spending combined with energy inflation will force the Federal Reserve to maintain high interest rates amid declining growth. At that time, the U.S. Treasury yield curve will accelerate its flattening, cyclical sectors of the U.S. stock market will be under pressure, and the U.S. dollar and Japanese yen will be the only safe havens for funds

- Recent statements from Trump and Iran have shattered market expectations for a quick resolution to the conflict.  
- Trump emphasized that U.S. and Israeli military actions against Iran will continue until all objectives are met, while Iran maintains control over when and how the war may end.  
- Goldman Sachs warns that the duration of the conflict will significantly influence oil prices and financial markets, with potential comparisons to the 2022 energy shock scenario, amidst concerns over persistent inflation and market volatility.

Wallstreetcn

SPDR Energy Select

Exxon Mobil

Chevron

SINOPEC CORP

COSCO SHIP ENGY

Pro Ultr Silver

Pro Ultrshrt Silver

Lockheed Martin

EFUND GOLD MI ETF

ZIJIN MINING

CHIFENG GOLD

SD GOLD

Trump did not "quickly resolve" the situation! Global markets face the "Iran impact," with the focus on "duration."

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00HSI

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Fidelity International and other global investors are returning to Hong Kong's IPO market, signaling a shift in sentiment. After a quiet period, Fidelity backed several major listings, including Zijin Gold International and HashKey Group. This resurgence is attributed to improving sentiment towards consumption, clearer policies in technology, and confidence in Chinese companies' competitiveness. The Hong Kong market has seen strong gains, with foreign capital making up 27% of cornerstone investors in top IPOs. The profile of these investors has shifted, with more global funds participating in recent deals, reflecting a recalibration of risk appetite.

SCMP

TRACKER FUND

FI CSOP HSI

FI2 CSOP HSI

ISHARESHSI

CSOP HSI ETF

FL2 CSOP HSI

Hang Seng Index

HASHKEY HLDGS

The big cornerstone comeback: what’s driving investors back to Hong Kong IPOs?

GLXY

RIOT

GOLD

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SGOL

Peter Schiff argues that Bitcoin has lost over 66% of its value against gold since its peak in November 2021, where one Bitcoin could buy 34.5 ounces of gold, now down to 12 ounces. A $10,000 investment in Bitcoin would be worth about $9,100 today, while the same amount in gold would have grown to over $27,000. Schiff's claims highlight Bitcoin's struggle to maintain its status as a safe haven asset compared to gold, especially during economic uncertainty. Bitcoin supporters argue that its performance is part of a normal market cycle, not a permanent decline.

NewsBTC

Hut 8 Mining

Galaxy Digital

Riot Platforms

American Bitcoin

Grayscale Bitcoin Mini Trust ETF

Bitfarms Canada

Mara

SD-GOLD

Kinross Gold

Gold.com

Agnico Eagle Mines

ZHONGJIN GOLD

Newmont

Zijin Mining

WisdomTree Bitcoin Fund

Franklin Bitcoin ETF

EFUND GOLD MI-R

VanEck Gold Miners ETF

Valkyrie Bitcoin Miners ETF

iShares Gold Trust

GraniteShares 2x Long COIN Daily ETF

VanEck Bitcoin ETF

Direxion Daily Crypto Industry Bull2XETF

Abrdn Gold ETF Trust

Bitwise MARA Option Income Strategy ETF

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

ProShares Bitcoin Strategy ETF

Roundhill Gold Miners Weeklypay ETF

Valkyrie Bitcoin and Ether Strategy ETF

Fidelity Wise Origin Bitcoin Fund - ETF

GLOBAL X Gold Explorers

CoinShares Bitcoin ETF

Sprott JR Gold Miners ETF

GraniteShares 2x Long MARA Daily ETF

Global X Blockchain ETF

Bitwise Bitcoin ETF

ChinaAMC Gold ETF

Us Gbl GLD & Met

SPDR Gold Shares

YieldMax Gold Miners Opt Inc Strgy ETF

Invesco Db Precious Metals ETF

Amplify Transform Data Sharing ETF

Peter Schiff Says Bitcoin Has Never Beaten Gold Since 2021

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YOFC(06869) rose 14.43%, with a trading turnover 1.3 Billion HKD, and a year-to-date rose 147%. GANFENGLITHIUM(01772) rose 8.48%, with a trading turnover 617.7 Million HKD, and a year-to-date rose 28%. KNOWLEDGE ATLAS(02513) fell 22.76%, with a trading turnover 3.2 Billion HKD, and a year-to-date rose 381.9%. MINIMAX-WP(00100) fell 13.35%, with a trading turnover 2.2 Billion HKD, and a year-to-date rose 409.4%.

YOFC

ZHAOJIN MINING

KNOWLEDGE ATLAS

CTG DUTY-FREE

MONTAGE TECH

GIGADEVICE

Top 5 HK Stock Gainers/Losers (>100B) (2.23)

GDXJ

Gold prices are expected to reach $10,000 an ounce by 2030, according to Louis Navellier, who cites population declines and central banks' inability to combat deflation as key factors. Current volatility is seen as irrelevant, with gold emerging as a preferred hedge against economic downturns. Major economies face systemic declines, pushing investors towards gold over cryptocurrencies, which are losing credibility. Countries like China and Japan are experiencing significant economic challenges, further supporting the bullish outlook on gold as a safe investment.

Dow Jones

iShares MSCI Global Gold Miners

Direxion Daily Gold Miners Bear 2X

VanEck Junior Gold Miners ETF

Sprott GLD Miners Etf

EFUND GOLD MI-U

Stop watching gold's daily swings and get ready for a $10,000 supercycle

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RIDGE OUTDOOR(02720) rose 53.35%, with a trading turnover 90.8 Million HKD, and a year-to-date rose 210.2%. ONEROBOTICS(06600) rose 13.82%, with a trading turnover 82.3 Million HKD, and a year-to-date rose 142%. KB LAMINATES(01888) rose 11.52%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 42.4%.

RIDGE OUTDOOR

ONEROBOTICS

KB LAMINATES

CNGR

CNBM

JIAXIN INTL RES

XINXIN MINING

WANGUO GOLD GP

CONCH VENTURE

Top 10 HK Stock Gainers (2.11)

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ZIJIN GOLD INTL(02259) rose 9.06%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 56.7%. BILIBILI-W(09626) rose 5.16%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 31.1%. POP MART(09992) fell 5.49%, with a trading turnover 4.4 Billion HKD, and a year-to-date rose 35.9%. MINIMAX-WP(00100) fell 4.82%, with a trading turnover 681.6 Million HKD, and a year-to-date rose 210.9%.

- The Hang Seng Index increased by 0.31%, with a year-to-date gain of 6.4%, while the Hang Seng Tech Index rose by 0.9%, showing a year-to-date decline of 0.3%.  
- Zijin Mining International (02259) saw a rise of 9.06% with a trading volume of HKD 1.7 billion, resulting in a year-to-date increase of 56.7%.  
- Bilibili-W (09626) grew by 5.16%, with a trading volume of HKD 1.22 billion, reflecting a year-to-date increase of 31.1%, whereas Pop Mart (09992) fell by 5.49%, despite a year-to-date increase of 35.9%.

BILIBILI-W

TECHTRONIC IND

TME-SW

POP MART

CHINA LIFE

CPIC

Top 5 HK Stock Gainers/Losers (>100B) (2.11)

Goldman Sachs pointed out that global capital is accelerating its shift from financial assets to hard assets such as commodities in search of safe havens, forming a "hard asset rotation." This trend is expected to drive the prices of metals like copper and gold to remain high in the long term, potentially even surpassing the support of physical supply and demand fundamentals. Due to the relatively small scale of the metal market, limited supply elasticity, and easier storage, the marginal impact of capital inflows is particularly significant. This structural allocation shift may lead to a long-term premium for certain commodities

- In response to increasing volatility in global stock markets, investors are shifting funds into hard assets like commodities for risk mitigation.  
- Goldman Sachs identifies this "hard asset rotation" as a key driver for maintaining high metal prices, which could surpass levels supported by physical supply and demand fundamentals.  
- The firm notes that ongoing asset allocation adjustments may sustain elevated copper prices and create structural premiums in the market, amidst risks tied to changing investor sentiment and macroeconomic uncertainty.

JCCL

ISHRS MSCI Glb Slct Met & Mining

SPDR S&P Mtls & Mng

iShares Copper and Metals Mining ETF

iShares MSCI Global Silver Miners

Sprott Junior Copper Miners ETF

United States Copper Index

Pro Ultr GLD

Global X Copper Miners

Sprott Copper Miners ETF

Tradr 2X Long NEM Daily ETF

Abrdn Precious Metals Basket ETF Trust

Sprott Active Gold & Silver Miners ETF

Wisdomtree Efficient Gold Plus Gold Miners Stgy Fd - ETF

Goldman Sachs: Global capital begins "hard asset rotation," commodities may welcome long-term premiums

Eunyoung Lee from DBS has maintained a Buy rating on Zijin Gold International Company Limited (2259), setting a price target of HK$253.00. Lee, a 5-star analyst, boasts an average return of 47.1% and a 76.92% success rate. The overall analyst consensus for Zijin Gold is a Strong Buy, with an average price target of HK$204.86 according to TipRanks.

Tip Ranks

New Buy Rating for Zijin Gold International Company Limited (2259), the Basic Materials Giant

Zijin Mining Group Company Ltd. approved its 2026-2028 production plan and set a long-term goal for 2035 during a board meeting on February 8, 2026. The plan aims to establish production volume targets and transform the company into a leading global mining entity focused on green and high-tech practices. Recent achievements include acquiring Zangge Mining and the spin-off of Zijin Gold International, with a market value exceeding RMB1.1 trillion in January 2026. The Board advised caution regarding forward-looking statements due to external factors.

Reuters

Zijin Mining Board Approves 2026-2028 Production Plan and 2035 Global Growth Objective

JPZJGLD@EC2609A(26992.HK)

Top 5 HK Stock Gainers/Losers (>100B) (3.3)

Trump did not "quickly resolve" the situation! Global markets face the "Iran impact," with the focus on "duration."

The big cornerstone comeback: what’s driving investors back to Hong Kong IPOs?

Peter Schiff Says Bitcoin Has Never Beaten Gold Since 2021

Top 5 HK Stock Gainers/Losers (>100B) (2.23)