Movement Alert|Zhaojin Mining Falls 5.95% in Regular Trading, Fed Hawkish Signals Combined with Full Production Halt at Core Mines Accelerate Sector Decline

Market Focus06-08

On June 8, Zhaojin Mining fell 5.95% in regular trading, trading at 19.0 HKD/share, with trading volume of HKD 433 million.

On the news front, Fed Chair Waller continued to deliver hawkish signals, with market-implied probability of a 25-basis-point rate hike by year-end rising to approximately 50%. The strengthening US dollar and rising Treasury yields have pushed spot gold prices down to around $4,440, raising the opportunity cost of holding non-yielding gold assets and intensifying selling pressure across the sector.

At the company level, Zhaojin Mining's core mines at its Zhaoyuan headquarters — including Xiadian Gold Mine, Dayingezhuang Gold Mine, Canzhuang Gold Mine, and Jintingling Mining — have been under full production shutdown for inspection since May 14, further weighing on the stock due to short-term output loss expectations.

Within the Gold sector, the broader group declined sharply. Among peers, Zijin Gold International fell 9.29%, Lingbao Gold fell 7.90%, China Gold International fell 6.81%, Zijin Mining fell 4.67%, and Shandong Gold fell 3.92%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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