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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.
Copper Falls After Fed Signals Rate-Cut Slowdown -- Market Talk
Copper Rises, Aided by Prospects of China's Fiscal Stimulus -- Market Talk
Hong Kong stocks anomaly | CMRU (01636) surged by over 70%, cancellation of copper and aluminum export tax rebates imminent, related processing industry may accelerate restructuring.
cmru (01636) surged over 70% in early trading, with a two-day cumulative increase exceeding 100%. As of the time of writing, it is up 73.63%, priced at 0.158 Hong Kong dollars, with a transaction amount of 2.8247 million Hong Kong dollars.
Resumption of trading, cmru Utilization (01636.HK) has achieved all resumption guidance.
cmru (01636.HK) announced that it has fulfilled the resumption guidelines, which mainly include publishing all financial performance that has not yet been released and addressing any audit revisions; demonstrating that the company complies with Listing Rule 13.24, which requires sufficient business operations and substantial assets to support business operations; and disclosing all significant news to the market. The company's shares were suspended from trading on April 3, 2023, and a request for resumption of trading has been submitted for Friday (the 22nd).
cmru (01636): Achieved resumption guidance, resuming trading on November 22.
cmru (01636) announced that the company has reached the resumption guidance.
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