Non-ferrous stocks fell under collective pressure. As of press release, China Daye Nonferrous Metals (00661) fell 6.45% to HK$0.058; Jiangxi Copper (00358) fell 5.02% to HK$10.6; and China Aluminum (02600) fell 2.68% to HK$4.
The Zhitong Finance App learned that non-ferrous stocks fell under collective pressure. As of press release, China Daye Nonferrous Metals (00661) fell 6.45% to HK$0.058; Jiangxi Copper (00358) fell 5.02% to HK$10.6; China Aluminum (02600) fell 2.68% to HK$4; and Zijin Mining (02899) fell 2.35% to HK$11.66.
According to the news, on November 7, local time, Minneapolis Federal Reserve Chairman Neil Kashkari said that the Fed's policymakers have yet to win the fight against inflation, and they will consider adopting more monetary tightening measures if necessary. The FOMC did not discuss interest rate cuts. This has once again strengthened the US dollar.
Xinhu Futures pointed out that the October export data released yesterday did not perform well, and market concerns about the downturn in overseas economies are rising; furthermore, a higher dollar index is putting pressure on copper prices, and copper prices are weakening. Furthermore, Maiko Futures said that Fed officials continue to release tight monetary policy expectations, and the Fed's future potential monetary policy easing expectations did not soon replace risk aversion, becoming the dominant influencing factor, leading to short-term adjustments in precious metals.