Hong Kong Stock Movement: CHIFENG GOLD falls 13.48%, while international gold prices soar but fail to reverse the stock price decline?

Hong Kong Stock Movement CHIFENG GOLD fell 13.48%. Based on recent key news: On January 29, CHIFENG GOLD announced that the market price of its gold products has risen sharply recently, which is expected to impact its operating performance. The company confirmed that its business operations are normal and there are no significant matters to disclose. On January 28, CHIFENG GOLD's stock trading deviated by more than 20% over three consecutive trading days, which is considered abnormal volatility according to trading rules. The company has not discovered any major asset restructuring or other significant matters. On January 29, international gold prices broke through USD 5,200, influenced by geopolitical turmoil and a loose liquidity environment, driving fluctuations in CHIFENG GOLD's stock price. The rise in international gold prices has intensified industry volatility. Stocks with High Trading Volume in the Industry Zijin Mining fell 7.59%. Based on recent key news: On January 30, Zijin Mining announced the issuance of USD 1.5 billion zero-coupon convertible bonds, with an initial conversion price at a premium of 37.19% compared to the previous day's closing price, putting pressure on the stock price. Source: Economic Information Daily On January 27, Zijin Mining and Zijin Gold International jointly announced the acquisition of Allied Gold Corporation for a total cash consideration of CAD 5.5 billion, raising market concerns over high premiums and approval risks. Source: Zhitong Finance On January 27, JP Morgan released a research report maintaining an "overweight" rating on Zijin Mining, believing that strong commodity price trends and new acquisitions will serve as positive catalysts for the stock. Source: JP Morgan Research Report. Gold prices broke through USD 5,100, intensifying volatility in mining stocks. Zijin Gold International fell 10.05%. Based on recent key news: On January 30, Zijin Gold International recorded a large cross-trade, with its stock price down 8.4% compared to the previous day's closing price, leading to a decline in stock price. The trading amount reached HKD 1.354 billion, with a net active sell of HKD 141 million. Source: Economic Information Daily On January 27, Zijin Gold International announced the acquisition of Canadian United Gold Company, planning to acquire all its equity for RMB 28 billion, which stimulated the stock price to rise by 19.1% at one point. Source: Yicai On January 27, international gold prices broke through USD 5,100, driving gold mining stocks up, with Zijin Gold International's stock price reaching an all-time high. Source: Dian News Report. Gold price fluctuations have led to cautious market sentiment. Shandong Gold fell 12.99%. Based on recent key news: On January 29, international gold prices reached new highs, with a surge in gold recycling and increased sales of gold jewelry. Against the backdrop of accelerating gold price increases, market attention to gold assets has risen, leading to fluctuations in Shandong Gold's stock price. Source: Yicai On January 28, some gold jewelry brands raised the prices of domestic pure gold jewelry, and the leasing of gold jewelry consumer products has entered the public's view. Divergent market expectations have led to a high rebound and subsequent retreat in the gold sector. Source: Shanghai Securities Journal On January 27, the market bet on an almost 80% probability of a U.S. government shutdown, with gold replacing long-term government bonds as a hedging tool in investment portfolios, driving an increase in gold demand. Source: Jin10 Data. Increased demand for gold as a safe haven, market volatility intensified. Stocks ranked at the top of the industry by market capitalization Zhaojin Mining fell 8.76%. Based on recent news, On January 29, Zhaojin Mining had a large transaction involving 24.6382 million yuan. Large transactions typically reflect strong market interest or concerns about the stock, leading to price fluctuations. On January 29, Zhaojin Gold announced that the company faces multiple risks, including fluctuations in gold prices and operations of overseas projects. These risk factors may adversely affect the company's future operating performance, thereby impacting the stock price. On January 27, Zhaojin Gold announced that the company had not discovered any recent public media reports that may have significantly affected the trading price of the company's stock due to undisclosed material information. Nevertheless, uncertainty about the company's future still exists in the market, leading to stock price fluctuations. Fluctuations in gold prices and geopolitical risks affect market sentiment