Core Viewpoint - Jiangxi Copper's trading volume reached 3.673 billion RMB, marking the highest level since September 14, 2021, with a stock price increase of 8.09% and a turnover rate of 4.25% [1] Company Summary - Jiangxi Copper Co., Ltd. was established on January 24, 1997, with a registered capital of 34.62729405 billion RMB [1]

Core Viewpoint - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling by 0.29% and the Hang Seng Tech Index decreasing by 0.66% [1] Market Performance - The Hong Kong stock market closed with the Hang Seng Index down by 0.29% and the Hang Seng Tech Index down by 0.66% [1] - The Hong Kong Technology ETF (159751) decreased by 0.08%, while the Hang Seng Hong Kong Stock Connect ETF (159318) fell by 0.41% [1] Sector Performance - Passenger airlines and the metals and mining sectors showed positive performance, while the biotechnology and pharmaceutical sectors faced declines [1] Individual Stock Movements - Notable gainers included: - Hang Seng Bank up by 25.88% - ZTE Corporation up by 12.4% - China Railway up by 10.08% - Jiangxi Copper up by 8.18% - Luoyang Molybdenum up by 7.86% - Lenovo Group up by 7.26% - Mixue Group up by 6.99% - China Aluminum up by 5.48% - Zijin Mining up by 5.43% - CRRC Corporation up by 5.17% - China General Nuclear Power up by 4.76% - ZTO Express up by 4.2% - China Coal Energy up by 4.15% [1] - Significant decliners included: - Crystal International Holdings down by 13.91% - Shandong Hi-Speed down by 19.7% - Shanghai Electric up by 17.4% [1]

Group 1: Precious Metals Market Overview - The recent surge in precious metals is driven by three main factors: the onset of the Federal Reserve's interest rate cut cycle, geopolitical risks from the U.S. government shutdown, and structural support from global central bank gold purchases [1][2][4] - Gold prices have reached a milestone, with spot gold exceeding $4000 per ounce for the first time, marking a year-to-date increase of over 54% [2][4] - Silver prices have also seen significant gains, with spot silver reaching a historical high of $49.54 per ounce, reflecting a year-to-date increase of over 68% [2][3] Group 2: Economic and Political Influences - The unexpected U.S. government shutdown has created uncertainty in economic data releases, impacting the Federal Reserve's monetary policy decisions and increasing market risk aversion [3][4] - Changes in political situations in countries like France and Japan have further highlighted gold's safe-haven attributes [2][3] Group 3: Silver Market Dynamics - Analysts note that silver has outperformed gold recently, indicating its high elasticity due to both financial and industrial demand [3][4] - The current gold-silver ratio is significantly above historical averages, suggesting that silver remains undervalued and has substantial room for price correction [3][4] Group 4: Future Outlook for Precious Metals - Analysts maintain an optimistic outlook for precious metals, citing ongoing global trade uncertainties and geopolitical risks as strong support factors [4][5] - The potential for continued Federal Reserve easing and escalating geopolitical conflicts could drive gold and silver prices higher [4][5] Group 5: Base Metals Market Overview - The base metals sector has shown strong performance, particularly copper, which has recently surpassed the $10,500 per ton mark and is expected to remain tight due to supply disruptions [6][7] - The price of cobalt has surged by 29% since September, reflecting a growing awareness of resource security among nations [6][7] Group 6: Supply Chain Concerns - Frequent disruptions in global copper supply, particularly from incidents in Indonesia and Chile, have tightened supply expectations and are likely to lead to higher copper prices in the fourth quarter [7] - The Grasberg mine incident is expected to have a long-term impact on global copper supply, potentially catalyzing a new upward cycle in copper prices [7]

Core Viewpoint - The Hong Kong stock market showed mixed performance with the Hang Seng Index rising by 0.04% and the Hang Seng Tech Index increasing by 0.63% [1] Sector Performance - The passenger airline and metals & mining sectors experienced notable gains, while the biotechnology and pharmaceutical sectors faced significant declines [1] Individual Stock Movements - Notable gainers included: - Hang Seng Bank up by 26.3% - Jiangxi Copper (600362) up by 11.19% - ZTE Corporation (000063) up by 10.73% - China Railway (601390) up by 9.04% - Mixue Group up by 8.96% - Luoyang Molybdenum (603993) up by 8.04% - Hua Hong Semiconductor up by 6.75% - Lenovo Group up by 6.41% - Zijin Mining up by 5.48% - China General Nuclear Power (601766) up by 5.44% - China CRRC (601766) up by 4.17% [1] - Significant decliners included: - Innovent Biologics down by 9.68% - Shandong Hi-Speed down by 12.55% [1] - Shanghai Electric (601727) saw a substantial increase of 15.72% [1]

10月8日，现货黄金价格延续强势格局，一度刷新历史高点至4049.64美元/盎司，受黄金涨势影响，港股黄金股集体异动，截至10月8日收盘，港股金属与采 矿板块（871006.TI）涨1.81%，新疆新鑫矿业、新时代集团控股、赤峰黄金、中国白银集团、康利国际控股等涨超10%，山东黄金、龙资源、佳鑫国际资源 等跟涨。 10月8日，现货黄金价格延续强势格局，一度刷新历史高点至4049.64美元/盎司。 受黄金涨势影响，港股黄金股集体异动。截至10月8日收盘，港股金属与采矿板块（871006.TI）涨1.81%，新疆新鑫矿业、新时代集团控股、赤峰黄金、中 国白银集团、康利国际控股等涨超10%，山东黄金、龙资源、佳鑫国际资源等跟涨。 | | | 金属与采矿[HK]， 3518.845 1.81% | | (n | | --- | --- | --- | --- | --- | | 成分股 | | | 新闻 | | | 名称代码 | | 最新价 | 涨跌幅 ◆ | 涨跌 | | 新疆新露矿业 | HK 3833.HK | 3.610 | 17.21% | 0.53 | | 新时代集团 ... | HK 0166.HK | ...

Core Insights - The spot gold price has reached a historical high of $4049.64 per ounce, continuing its strong upward trend [1] - The Hong Kong stock market's metal and mining sector has seen significant movements, with a 1.81% increase, and several gold stocks rising over 10% [1][5] Gold Market Dynamics - During the National Day and Mid-Autumn Festival, spot gold prices increased by over 4%, while the Hong Kong metal and mining sector rose by more than 10% [5] - Analysts attribute the rise in gold prices to heightened risk aversion due to the U.S. government shutdown, alongside long-term factors such as expanding U.S. fiscal deficits and ongoing geopolitical conflicts [5] - The People's Bank of China reported a gold reserve of 74.06 million ounces (approximately 2303.523 tons) as of the end of September, marking an increase of 40,000 ounces (about 1.24 tons) for the 11th consecutive month [5] Future Price Predictions - UBS forecasts that gold prices could reach $4200 per ounce by the end of the year, supported by both fundamental and momentum factors [5] - Goldman Sachs has raised its gold price forecast to $4900 per ounce by December 2026, driven by emerging market central banks diversifying their reserves [5] A-Share Market Insights - CITIC Securities suggests that the U.S. government shutdown and expectations of future interest rate cuts are increasing global investor concerns about U.S. dollar credit and sovereign debt, leading to higher prices for precious metals and cryptocurrencies [6] - The A-share index for non-ferrous metals has risen by 61.4% over the past year, significantly outperforming the broader market [6] Notable Stock Performances - Several stocks in the non-ferrous metals sector have seen substantial gains, with top performers achieving over 100% price increases in the past year [7]

Core Viewpoint - The Hong Kong stock market experienced a decline on October 8, with the Hang Seng Index falling by 1.07% and the Hang Seng Tech Index decreasing by 1.09% [1] Sector Performance - The electrical equipment and metals & mining sectors showed positive performance, while the passenger airline and healthcare technology sectors faced significant declines [1] Individual Stock Movements - Notable gainers included Shandong Gold, which rose by 7.56%, Jiangxi Copper, up by 6.14%, Zijin Mining International, increasing by 5.98%, and Laopu Gold, which gained 5.83% [1] - Conversely, Dazhong Public Utilities fell by 5.92%, and Huilyang Technology dropped by 7.33% [1] - Chifeng Jilong Gold surged by 14.71%, and CGN Mining increased by 9.78% [1]

Core Viewpoint - The Hong Kong stock market opened with the Hang Seng Index down by 0.21% and the Hang Seng Tech Index down by 0.11% [1] Sector Performance - The metals and mining sector, along with independent power producers, showed notable gains [1] - Conversely, the home goods and personal care sectors experienced significant declines [1] Individual Stock Movements - Reshape Energy saw a decline of 7.72% - Longfor Group dropped by 8.42% - ASMPT increased by 3.58% - JD Health rose by 3.32% [1]

Group 1 - The Hang Seng Index closed down 0.61%, while the Hang Seng Tech Index fell by 1.2% [1] - Independent power producers and the metals and mining sectors saw gains, while the computer and peripheral devices, as well as energy equipment and services sectors, experienced declines [2] - Notable individual stock performances included Zijin Mining International, Shandong Gold, and Huahong Semiconductor, which all rose over 5%, while Melco International Development and TCL Electronics dropped over 5% [2] Group 2 - Huahong Semiconductor (stock code 1347) reached a historical high with a price increase of nearly 6% during trading, resulting in a doubling of its stock price over 21 trading days [2] - Goldman Sachs raised the target price for Huahong Semiconductor, citing opportunities in the semiconductor sector due to China's expanding AI ecosystem [2]

智通财经APP获悉，香港联交所最新数据显示，9月30日，中信证券资产管理有限公司增持中国铝业 (02600)1010.6万股，每股作价8.0536港元，总金额约为8138.97万港元。增持后最新持股数目约为4.36亿 股，持股比例为11.04%。 ...