Hong Kong Stock Afternoon Review | The Hang Seng Index fell 0.83% in early trading, and the gold sector rose across the board

The Zhitong Finance App learned that the Hong Kong stock Hang Seng Index fell 0.83% to 208 points to 24,923 points; the Hang Seng Technology Index fell 2.11%. Hong Kong stocks traded HK$169.3 billion at noon.

Gold stocks rose across the board. Spot gold surpassed 4,100 US dollars, and central bank buying is expected to provide bottom support for gold. Chifeng Gold (06693) rose 14%; Lingbao Gold (03330) rose 16%; and World Gold Group (03939) rose more than 10%, with a cumulative increase of more than 40% during the month.

Copper stocks continued their recent gains. Due to the storm in Chile, some copper mines were restricted, and the domestic electrolytic copper bank hit a new low during the year. Minmetals Resources (01208) rose 10%; China's nonferrous mining industry (01258) rose 8%; Zijin Mining (02899) rose 7%.

Jiaxin International Resources (03858) rose by more than 12%, making a huge profit of about HK$1.5 billion in the first half of the year, and plans to repurchase up to HK$200 million of shares in the second half of the year.

ZTE (00763) rose more than 10%, and Nubia's Navix Ultra unveiled WAIC equipped with a Douban mobile assistant.

Shiteng Holdings (02562) rose more than 19% and launched the smart ecosystem Geene 2.0 technology strategy to further extend to enterprise AI and other fields.

COSCO Marine Energy (01138) rose by more than 5%, and the agency said it would be difficult to reverse the positive trend in oil transportation after the US-Iran conflict resumed.

Liwen Paper (02314) rose more than 7%, with a maximum pre-forecast increase of 71% in mid-term profit, and Citi raised the company's earnings estimates and target prices.

Lanqi Technology (06809) rose more than 12%, and shipments of DDR5 RCD chips increased significantly. Citi indicated that the company's business fundamentals are still strong.

Insili Intelligence (03696) rose more than 5%. Revenue increased in the first half of the year, and net profit turned loss into profit. A number of strategic partnerships have been reached during this month.

Huaqin Technology (03296) rose by more than 14%, and it is estimated that the revenue of individual products that surpass Node alone will exceed 10 billion yuan for the whole year.

Shareholders and executives reduced their holdings, and Jiantao Laminated Board (01888) fell by more than 5%.