Hong Kong stocks movement | Copper industry stocks declined across the board as the strong performance of the US dollar puts pressure on copper prices. Institutions state that demand expectations remain the core factor in copper price determination.

Copper stocks fell across the board. As of the time of this report, MMG (01208) dropped by 3.15% to 2.46 HKD; CMOC Group Limited (03993) fell by 2.91% to 5.33 HKD; CHINFMINING (01258) decreased by 2.14% to 5.02 HKD; and Zijin Mining Group (02899) slid by 1.95% to 14.08 HKD.

Zhitong FinanceDec 20 14:09

Hong Kong stock market midday review | All three Indexes rose, Semiconductors and Tencent Related stocks strengthened, Weimob surged over 16%, Semiconductor Manufacturing International Corporation rose over 10%, and Tencent increased over 3%.

Network Technology stocks generally fell, KUAISHOU-W dropped 4.65%, Alibaba-W fell 3.32%; many Coal Industrial Concept stocks declined, SOUTHGOBI fell 8.50%, China Coal Energy dropped 5.01%; Mobile Game stocks rose, BOYAA fell 5.06%, TENCENT increased 3.08%;

Futu NewsDec 20 12:09

Copper Falls After Fed Signals Rate-Cut Slowdown -- Market Talk

WSJDec 19 17:42

Morgan Stanley's investment rating and target price for resource stocks Listed in Hong Kong (table).

Morgan Stanley published a research report, listing the investment ratings and target prices for resource sector H shares as follows: Stock | Investment Rating | Target Price (Hong Kong Dollar) Zijin Mining Group (02899.HK) | Shareholding | 22.9 MMG (01208.HK) | In line with the market -> Shareholding | 2.5 -> 3.6 Aluminum Corporation Of China (02600.HK) | Shareholding | 7.1 -> 5.5 CHINAHONGQIAO (01378.HK) | Shareholding | 14.1 -> 15.4 ZHAOJIN MINING (01818.HK) |

AASTOCKSDec 16 10:04

Morgan Stanley downgraded Jiang Copper (00358.HK) to "Shareholding" and upgraded MMG (01208.HK) to "Shareholding".

Morgan Stanley released a report indicating that in the short term, Copper will be affected by a strong dollar and a lack of effective stimulus measures in China, but the situation may reverse in the second half of next year. On the supply side, the decrease in imported scrap Copper due to tariffs in the USA, coupled with the reduction in Copper concentrate supply, may lead to a decrease in refined Copper production in China, resulting in tight Copper supply. Furthermore, the annual contract negotiations for processing and refining fees next year could significantly lower pricing, with the bank currently expecting about $20 per ton. The bank forecasts that total Copper demand in China will grow by 2% to 3% year-on-year next year, primarily driven by the stimulus for green Infrastructure, which will boost demand in the grid, electric vehicle, and CECEP Solar Energy industries.

AASTOCKSDec 16 09:51

Express News | Morgan Stanley downgraded Jiangxi Copper's Listed in Hong Kong rating to underweight, with a Target Price of 10 Hong Kong dollars.

BreakingsDec 16 09:04