China's Zijin Mining leads slide in listed gold miners as bullion prices slip

Thu May 30 2024

** China's Zijin Mining Group 2899.HK leads slide among Hong Kong-listed gold miners, falling 5.9% to HK$16.90, their lowest since May 6

** Stock posts biggest intraday pct drop since Jan 17

** Stock is top pct loser in the Hang Seng Index .HSI and material index .HSCIM

** Zijin Mining's Shanghai shares 601899.SS drop 3.8%

** Gold prices slipped for a second consecutive session as the U.S. dollar and Treasury yields edged higher ahead of key inflation data, which could offer further clarity on the Federal Reserve's interest rate plan

** Zhaojin Mining 1818.HK drops 6.1% to HK$13.26, marking the biggest one-day pct decline since April 15

** Hong Kong stock of China Gold International Resources 2099.HK falls 3.7% and Lingbao Gold 3330.HK down 3.8%

** Hong Kong's material index .HSCIM declines 3.3%, Hang Seng Composite Index .HSCI eases 1.1% and Hang Seng Index .HSI falls 1.2%

Source: https://www.xm.com/