On August 31, CHINAGOLDINTL fell 7.46% in regular trading, trading at 255.4 HKD/share, with turnover of HKD 124 million. The decline came as the broader Hong Kong gold sector sold off sharply following hawkish remarks from the Fed Chair at the Jackson Hole symposium.

On the news front, Fed Chair Walsh delivered his Jackson Hole debut last Friday, reinforcing market expectations for a sustained tight monetary policy stance. Spot gold plunged over 3% on the day, hitting an intraday low of $4,444.80/oz, while domestic branded gold jewelry prices dropped nearly 40 yuan in a single day. The hawkish tone triggered broad-based selling across the Hong Kong gold mining sector, with Chifeng Gold falling 8.4%, Lingbao Gold down 8.19%, Zijin Gold International declining 8.0%, and Zhaojin Mining losing 7.35%.

Within the Gold sector, the overall trend was markedly negative. Among individual stocks, SD GOLD rose 3.29%, while ZIJIN GOLD INTL fell 7.32%, ZHAOJIN MINING fell 5.68%, LINGBAO GOLD fell 7.43%, and CHIFENG GOLD fell 7.72%.

(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.)