On September 15, ZHAOJIN MINING fell 3.01% in regular trading, trading at HK$20.6 per share, with turnover of HK$120 million. The decline came amid a broad selloff across the gold sector, marking the third consecutive session of weakness for the stock.
On the macro front, the US 10-year Treasury yield broke above 5% for the first time since 2023, driven by surging crude oil prices after vessel traffic through the Strait of Hormuz dropped sharply. According to the latest CME FedWatch data, the probability of a 25-basis-point Fed rate hike in September has risen to 92.4%, intensifying headwinds for non-yielding assets such as gold. The CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock Index declined 0.27%, with sector constituents broadly weaker.
Within the Gold sector, CHINAGOLDINTL fell 4.03%, SD GOLD fell 3.27%, CHIFENG GOLD fell 2.17%, ZIJIN GOLD INTL fell 1.74%, and LINGBAO GOLD fell 0.69%. Fundamentally, ZHAOJIN MINING reported H1 revenue of RMB 9.02 billion, up 29.38% year-over-year, though its affected mine remains suspended, constraining production capacity.
(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.)