On September 2, MMG fell 3.07% in regular trading, trading at 9.12 HKD/share, with turnover of approximately 43.34 million HKD.

On the news front, hawkish signals from the recent Jackson Hole symposium have reignited Fed rate hike expectations. Fed officials indicated that persistently elevated inflation may necessitate further tightening, with CME FedWatch data showing the probability of a 25bp September rate hike rising to 57%, up 17.1 percentage points from the prior week. The strengthened rate hike outlook pressured copper and other base metal prices. Meanwhile, both LME copper inventories and domestic electrolytic copper social inventories have rebounded, with the prior squeeze logic fading and adding further downside pressure on copper prices.

The broader Diversified Metals and Mining sector declined in tandem. Among sector peers, ZIJIN MINING fell 3.19%, CMOC fell 3.85%, WANGUO GOLD GP fell 6.81%, JIAXIN INTL RES fell 3.67%, and LYGEND RESOURCE fell 3.37%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)