On September 17, ZIJIN MINING fell 3.08% in regular trading, trading at HKD 33.24/share, with turnover of HKD 182 million. The decline came as the Federal Reserve concluded its September FOMC meeting on September 16, delivering a widely anticipated 25-basis-point rate hike, with CME data having previously shown pricing probability above 92%. The hawkish move kept the U.S. dollar and Treasury yields elevated, directly pressuring dollar-denominated metal assets and triggering broad weakness across the diversified metals and mining sector.
Within the sector, WANGUO GOLD GP fell 7.41%, CMOC declined 3.70%, JIAXIN INTL RES dropped 5.52%, MMG lost 3.59%, and LYGEND RESOURCE slid 3.44%, reflecting pervasive selling pressure. Notably, ZIJIN MINING had risen 3.12% in the prior session on September 16 as markets priced in a sell-the-rumor, buy-the-news scenario, but that optimism reversed once the rate hike was confirmed.
Separately, the company disclosed that its wholly-owned subsidiary committed RMB 1 billion to the Shidai Shenyuan Fund, accounting for a 20.41% stake in the fund focused on resource exploration and smart mining. The transaction was unanimously approved by the board and independent directors, though it is classified as a minor related-party transaction with limited near-term share price impact.
(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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