Nonferrous stocks generally fell. As of the time of writing, CMOC Group Limited (03993) dropped 6.02%, at HK$5.46; Zijin Mining Group (02899) fell 4.6%, at HK$13.68; Aluminum Corporation of China (02600) fell 4.53%, at HK$4.43.
According to the Futu Securities APP, nonferrous stocks generally fell. As of the time of writing, CMOC Group Limited (03993) dropped 6.02%, at HK$5.46; Zijin Mining Group (02899) fell 4.6%, at HK$13.68; Aluminum Corporation of China (02600) fell 4.53%, at HK$4.43; Jiangxi Copper (00358) fell 3.4%, at HK$11.94.
On the news front, the number of non-farm payrolls in the United States increased by 0.142 million in August, which was lower than the market's expectation of 0.161 million. The significant decline in non-farm payrolls once again triggered a market downturn, significantly reducing global risk appetite, and the nonferrous metals sector experienced a resonance decline. Sealand Securities previously pointed out that nonferrous metals and precious metals are strongly influenced by liquidity expectations. Since June, speculative activities in the nonferrous metals market have greatly eased, prices have fallen significantly from the first half of the year, and downstream processing fees have also rebounded. With the chip congestion returning to a healthy range, the bottom of nonferrous metal prices is gradually becoming apparent.
