Market Overview - The Hong Kong stock market experienced a significant decline, with the Hang Seng Index closing at 25,441 points, down 1.73%, while the Hang Seng Tech Index fell 3.62%, dropping below the 6,000-point mark [1][2] - Major technology stocks led the market downturn, with semiconductor stocks also suffering substantial losses [2][4] Sector Performance - The technology sector saw widespread declines, with notable drops including Hua Hong Semiconductor down over 13% and SMIC down over 8% [4][5] - Gold and precious metals stocks also fell sharply, with Zijin Mining and Chifeng Jilong Gold both dropping over 6% [6] - The gambling sector continued its downward trend, with New World Development down over 8% and Galaxy Entertainment down over 5% [11][12] - Conversely, banking stocks showed resilience, with Chongqing Rural Commercial Bank rising over 6% and China Merchants Bank up over 4% [13][14] - The film and entertainment sector performed well, with Huayi Brothers Media surging nearly 20% [15][16] Capital Flows - Southbound funds recorded a net inflow of 8.603 billion HKD, indicating continued interest in Hong Kong stocks despite the market volatility [17] Future Outlook - Analysts suggest that the recent escalation in US-China trade tensions may increase market uncertainty, but they remain optimistic about the medium-term outlook for Hong Kong stocks, particularly in sectors like AI, innovative pharmaceuticals, and new consumption [19]

Group 1 - Chinese shares closed lower after initially gaining, influenced by renewed U.S.-China trade tensions affecting investor sentiment [1] - Some investors are taking profits following recent rallies in semiconductor and gold mining stocks [1] Group 2 - SMIC experienced a decline of 6.8% [1] - Hygon Information fell by 6.7% [1] - Zijin Mining decreased by 5.75% [1] - China Northern Rare Earth (Group) High-Tech saw a reduction of 1.6% [1]

【年均产金约6吨，#紫金矿业86亿又拿下一座金矿#】 鉴于协议中约定的交割先决条件已全部实现或豁免，本次收购已于2025年10月10日完成交割，紫金黄金 国际现已持有RG金矿100%权益。RG金矿2023-2024年年均产金约6吨，目前生产运营正常且仍有进一步 提升空间，有望显著支撑公司2028年矿产金100-110吨的规划目标。RG金矿的顺利交割使紫金黄金国际 旗下在产黄金矿山增至9座。 此前公告披露，本次交易以2025年9月30日为基准日，收购对价按目标公司于基准日"无现金、无负 债"原则厘定为12亿美元（约合86亿元人民币），具体所需支付的收购对价，由交易各方根据基准日财 务报表中现金、运营资金及有息负债等情况据实调整。 官网资料显示，紫金黄金国际成立于2007年，主营业务为黄金的勘探、开采、加工和销售，主要销售产 品为金锭、合质金和金精矿。紫金矿业表示，紫金黄金国际2024年黄金产量1.3百万盎司（约40.4吨）， 位居全球第11位；营业收入29.9亿美元，黄金收入占比高达94.9%。2022-2024年，矿产金产量复合年增 长率为21.4%，在全球前十五大黄金开采公司中位列第一，成为行业"增长先锋" ...

从基金十大重仓股角度 数据显示，东兴基金旗下1只基金重仓紫金矿业。东兴改革精选混合A（001708）二季度减持1500股， 持有股数5500股，占基金净值比例为6.29%，位居第一大重仓股。根据测算，今日浮亏损失约8745元。 东兴改革精选混合A（001708）成立日期2015年9月8日，最新规模162.56万。今年以来收益16.69%，同 类排名4962/8162；近一年收益11.74%，同类排名5600/8015；成立以来亏损10.5%。 东兴改革精选混合A（001708）基金经理为孙继青。 10月14日，紫金矿业跌5.08%，截至发稿，报29.71元/股，成交165.77亿元，换手率2.62%，总市值 7896.20亿元。 资料显示，紫金矿业集团股份有限公司位于福建省上杭县紫金大道1号,福建省厦门市思明区环岛东路 1811号中航紫金广场B塔,香港九龙柯士甸道西1号环球贸易广场75楼7503A室，成立日期2000年9月6 日，上市日期2008年4月25日，公司主营业务涉及矿产资源勘查和开发。主营业务收入构成为：冶炼产 品60.94%，矿产品36.48%，其他16.83%，贸易8.02%。 截至发稿，孙继青 ...

Core Viewpoint - Gold stocks are experiencing a significant decline in the afternoon trading session, influenced by fluctuations in international gold prices and market sentiment regarding economic conditions and monetary policy [1] Company Performance - Chifeng Jilong Gold Mining (06693) is down 7.64%, trading at HKD 32.88 [1] - China Gold International (02099) has decreased by 6.6%, currently at HKD 134.5 [1] - Zijin Mining (02899) fell by 5.67%, now at HKD 32.3 [1] - Shandong Gold Mining (01787) is down 4.01%, trading at HKD 40.2 [1] Market Conditions - International gold prices saw a sharp decline, briefly dropping below USD 4,120 per ounce before rebounding, after previously surpassing the USD 4,170 mark [1] - CITIC Futures noted that trade tensions and expectations of monetary easing are driving gold prices, supported by Federal Reserve rate cut expectations, a weaker dollar, and the U.S. fiscal deadlock [1] - The government shutdown has weakened the availability of economic data, leading to a market sentiment of "no data is bullish," which continues to drive buying [1] - A potential short-term technical correction may occur if overbought conditions arise, with USD 4,000 identified as a key support level, and increased price volatility could trigger profit-taking [1]

（文章来源：每日经济新闻） 每经AI快讯，港股黄金股午后持续走低，截至发稿，赤峰黄金(06693.HK)跌7.64%，报32.88港元；中国 黄金国际(02099.HK)跌6.6%，报134.5港元；紫金矿业(02899.HK)跌5.67%，报32.3港元；山东黄金 (01787.HK)跌4.01%，报40.2港元。 ...

Group 1 - Gold stocks experienced a significant decline in the afternoon, with notable drops including Chifeng Jilong Gold Mining Co., Ltd. down 7.64% to HKD 32.88, China National Gold Group Corporation down 6.6% to HKD 134.5, Zijin Mining Group down 5.67% to HKD 32.3, and Shandong Gold Mining down 4.01% to HKD 40.2 [1] - International gold prices saw a sharp drop, briefly falling below USD 4,120 per ounce before rebounding, after previously breaking above the USD 4,170 mark [1] - CITIC Futures indicated that trade tensions and expectations of monetary easing have driven gold prices, supported by Federal Reserve rate cut expectations, a decline in the US dollar, and the US fiscal deadlock [1] Group 2 - The government shutdown has weakened the availability of economic data, leading the market to continue buying in a "no data is good data" sentiment [1] - A short-term technical overbought condition may lead to adjustments, with USD 4,000 identified as a primary support level, and increased price volatility could trigger profit-taking in the near term [1]

Group 1 - Gold prices experienced a short-term pullback on October 14, leading to a collective decline in A-share gold stocks [1] - Notable declines included Luoyang Molybdenum (-5.51%), Shengda Resources (-5.28%), and Zijin Mining (-4.00%) [2] - Other companies such as Tongling Nonferrous Metals, Shengton Mining, Jiangxi Copper, and Zhaojin Mining also saw declines exceeding 3% [1][2] Group 2 - Luoyang Molybdenum has a total market capitalization of 348.5 billion, with a year-to-date increase of 152.71% [2] - Shengda Resources has a market cap of 18.7 billion and a year-to-date increase of 127.57% [2] - Jiangxi Copper's market capitalization stands at 138.1 billion, with a year-to-date increase of 98.92% [2]

Core Viewpoint - The article highlights the performance of the Nonferrous ETF Fund (159880), which opened with a gain of 2.40% and reports significant increases in its major holdings, indicating a positive trend in the nonferrous metals sector [1] Group 1: Fund Performance - The Nonferrous ETF Fund (159880) opened at 1.875 yuan, reflecting a 2.40% increase [1] - Since its establishment on March 8, 2021, the fund has achieved a return of 82.49% [1] - The fund's one-month return stands at 16.15% [1] Group 2: Major Holdings Performance - Major holdings in the fund include: - Zijin Mining: up 3.51% [1] - Luoyang Molybdenum: up 3.25% [1] - Northern Rare Earth: up 0.47% [1] - China Aluminum: up 2.92% [1] - Shandong Gold: up 3.90% [1] - Huayou Cobalt: up 3.29% [1] - Zhongjin Gold: up 5.06% [1] - Ganfeng Lithium: unchanged [1] - Chifeng Jilong Gold: up 4.36% [1] - Yun Aluminum: up 2.55% [1] Group 3: Fund Management - The fund is managed by Penghua Fund Management Co., Ltd. [1] - The fund manager is Yan Dong [1] - The performance benchmark for the fund is the National Securities Nonferrous Metals Industry Index return [1]

金价短线回调，拖累A股黄金股集体下跌，其中，洛阳钼业、盛达资源跌超5%，紫金矿业、浙富控股 跌超4%，铜陵有色、盛屯矿业、江西铜业、招金黄金跌超3%。 ...