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Zijin Mining Group (02899.HK) received a shareholding of 50.1372 million H-shares from JPMorgan, worth approximately 0.727 billion Hong Kong dollars.
On September 19th, according to documents disclosed by the Hong Kong Stock Exchange, JPMorgan Chase & Co. increased its shareholding in Zijin Mining Group (02899.HK) by purchasing $50.1372 million shares of H shares at an average on-exchange price of HK$14.51 per share and an average off-exchange price of HK$14.4469 per share, with a total value of approximately HK$0.727 billion. After this increase, JPMorgan Chase's latest shareholding amounts to 0.409 billion shares, and its holding ratio has increased from 5.99% to 6.82%. Image source: HKEX Shareholding Disclosure.
Economic 'soft landing' combined with the wave of AI demand! Is there hope for the copper stocks to open up room for growth?
With the unexpected 50 basis point rate cut by the Federal Reserve, there has been a shift in the previously intense debate about whether the US economy will experience a "hard landing". The copper sector rose nearly 2% overall yesterday, showing strong performance.
Hong Kong stocks continued to rise strongly in the afternoon! The Hang Seng Index and the H-Share Index rose more than 2%, while the Technology Index surged more than 3%; large technology stocks are all performing well, with jd.com up more than 7% and Mei
The three major stock indexes in Hong Kong rose unilaterally throughout the day, with a surge in market bullish sentiment. The Hang Seng Tech Index continued to climb in the afternoon, leading the way with a sustained increase of 3.8%, ultimately closing significantly higher at 3.25%, reaching a two-month high. The Hang Seng Index and the Mainland China Stock Index rose by 2% and 2.1% respectively.
Gold suddenly took a big turn! The price of gold surged $25 within the day. What's next? FXStreet analyst's technical analysis of gold price.
In early European trading on Thursday, spot gold surged significantly, with the price of gold approaching $2585 per ounce, rising $25 intra-day. Dhwani Mehta, a senior analyst at FXStreet, pointed out that based on the daily chart of gold, the relative strength index (RSI) is bullish, which continues to keep buyers active, and the price of gold is expected to retest $2600 per ounce.
Debon Securities: New growth opportunities open, interest rate cuts are expected to continue to push up gold prices.
With the landing of this interest rate cut, if there are no new catalysts in the future, the short-term determine that the gold price will fluctuate around $2600 per ounce.
Who has a higher winning percentage between the US dollar, the Chinese yuan, and gold before and after the first rate cut by the Federal Reserve?
From the historical interest rate cuts, the US dollar is under short-term pressure after a rate cut, and the medium to long-term trend is influenced by the relative strength of the US economy and global risk aversion, making it difficult to predict. The RMB exchange rate is relatively independent, with a greater chance of gold winning.
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