On October 2, ZIJIN MINING fell 3.16% in regular trading, trading at 31.12 HKD/share, with turnover of approximately 1.53 billion HKD. The broader Diversified Metals & Mining sector weakened in tandem.

On the macro front, the U.S. Dollar Index surged to a 16-month high, while the U.S. 10-year Treasury yield climbed to 5.33%, marking a level not seen in over 20 years. The dual rally in the dollar and bond yields placed sustained downward pressure on gold and copper prices, directly impacting ZIJIN MINING's core profit drivers. The Fed's recent rate hike to 3.75%-4.00%, with hawkish dot-plot projections signaling further tightening, has reinforced the bearish macro backdrop for precious and base metals.

Compounding the pressure, multiple major institutions recently trimmed their positions. JPMorgan sold 16.88 million H-shares at approximately 32.50 HKD each, reducing its long position to 13.78%. BNP Paribas saw its long stake fall to 8.98%, while BlackRock reduced its holding to 7.88%. Sector peers also declined, with WANGUO GOLD GP down 3.91%, MMG down 3.74%, and CMOC down 2.71%.

(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.)