Gold mining stocks plummeted across the board, Tencent fell nearly 0.7% (continuous updates)

Financial News

Written by: Huang Jie Huang Youhua

2020-08-12 09:30

[10:39] Pneumonia vaccine news is good for the development of aviation stocks

Russia has successfully developed the world's first COVID-19 vaccine, which is good news for the development of aviation stocks. Cathay Pacific (0293) reported 5.64 yuan, up 7.42%; Air China (0753) reported 5.19 yuan, up 1.76%; China Southern Airlines (1055) reported 3.82 yuan, up 1.59%; China Eastern Airlines (0670), reported 2.96 Yuan, up 0.68%; Beijing Capital Airport (0694) reported 5.73 Yuan, up 3.61%.

Media stocks have developed individually. Next Media (0282) is now at 1.16 yuan, up 5.45%; Wanhua Media (0426) is now at 0.27 yuan, up by 10.%; Mao Kei Kwai Chung (1716) is now at 1.32 yuan, down 14.8% ; Economic Daily (0423) is now at 1.09 yuan, up 3.54%.

Zijin Mining (2899) fell more than 10% to 10.9% to 4.37 yuan; Zhaojin Mining (1818) fell 8.32% to 8.37 yuan.

Tencent (0700) fell 0.68% to 510 yuan.

The Hang Seng Index is now down 42 points or 0.17% to 24848 points.

[09:55] Gold mining stocks plummeted across the board

Spot gold fell below US$1,900, and the concept of gold stocks fell across the board. Value gold (3081) fell 3.89% to 45.9 yuan, Zijin Mining (2899) fell 5.49% to 4.64 yuan, China Gold International (2099) fell 8.15% to 7.32 yuan, Zhaojin Mining (1818) fell 7.11% to 8.48 yuan, SPDR Gold ETF (2840) fell 4.06% to 1393.5 yuan, and Hang Seng Rencoin Gold ETF (83168) fell 3.91% to 33.4 yuan.

[09:46] Spot gold falls below the $1,900 mark

Spot gold fell below the $1,900 per ounce mark after its biggest decline in seven years, and fell more than 1% during the session. Spot silver also fell 2.5%.

【09:45】Media stocks continue to rise

The Hang Seng Index is now down 83.2 points, or 0.33%, to 24,807 points.

Tencent (0700) fell 1.16% to 507.5 yuan. HSBC (0005) rose 2.78% to 35 yuan.

The speculation in individual media stocks has not stopped. Next Media (0282) is now at 1.4 yuan, up 28.1%; Mao Kei Kwai Chung (1716) is now at 1.8 yuan, up 17.4%. Wanhua Media (0426) is now trading at 0.33 yuan, up 32%. Economic Daily (0423) now reported 1.15 yuan, up 1.7%.

[09:34] One Media Soars 50% Again

Next Media (0282) has expanded its growth rate and is now at 1.67 yuan, a 51.8% increase, with a turnover of 249 million yuan.

The SFC stated that in response to the recent surge in Next Media’s stock price and trading volume, the SFC has been monitoring and will continue to closely monitor the trading activities related to Next Media’s shares.

The Hang Seng Index reported 24,820 points, down 70 points.

【09:29】HSI opened slightly lower

Hong Kong stocks opened slightly lower. The Hang Seng Index is down 22 points or 0.09% to 24,868 points; the H-Share Index is down 40 points or 0.4% to 10,113 points; the KSI is down 42 points or 0.6% to 7,086 points.

Tencent (0700) was released today, and the market opened up 1.26% to 520 yuan.

The speculation in individual media stocks has not stopped. Next Media (0282) opened at 1.4 yuan, up 27.3%; Mao Kei Kwai Chung (1716) opened at 1.8 yuan, up 16%.

Hong Kong stock market trend