洛阳钼业（03993）：因当前股价已反映很高的铜价，所以下调评级（持有）

Daily Spotlight 26 August 2025 Michael MENG (852) 3988 6433 michael.meng@bocigroup.com Index Performance | | Last close | % 1D | % YTD | | --- | --- | --- | --- | | HSI | 25,830 | 1.9 | 28.8 | | HSCEI | 9,248 | 1.9 | 26.9 | | HSCCI | 4,389 | 1.0 | 16.1 | | MSCI HK | 13,644 | 1.8 | 29.2 | | MSCI CHINA | 85 | 2.2 | 30.9 | | FTSE CHINA A50 | 15,031 | 2.0 | 11.2 | | CSI 300 | 4,469 | 2.1 | 13.6 | | TWSE | 24,277 | 2.2 | 5.4 | | SENSEX | 81,307 | (0.8) | 4.1 | | NIKKEI 225 | 42,808 | 0.4 | 7.3 | | KOSPI | 3,210 ...