Movement Alert|CMOC Falls 4.04% in Regular Trading, Fed Rate Hike Expectations Continue to Suppress Non-Ferrous Metals Sector

Market Focus
Jun 10

On June 10, CMOC fell 4.04% in regular trading, trading at HK$15.97/share, with trading volume of HK$48.12 million.

On the news front, Fed rate hike expectations continue to intensify. Previously released US May non-farm payroll data showed 172,000 new jobs, far exceeding the market expectation of 85,000. The Fed's most hawkish voting member Hammack explicitly stated that it may soon be appropriate to take action on rate hikes, driving continued tightening trades across markets.

The Diversified Metals and Mining sector remains under broad pressure, with JIAXIN INTL RES down 4.32%, WANGUO GOLD GP down 2.83%, LYGEND RESOURCE down 1.83%, and MMG down 1.45%, reflecting pronounced industry-wide linkage effects. CMOC has declined across multiple consecutive trading sessions with significant cumulative losses, as macro rate hike headwinds and sector-wide weakness continue to weigh on the stock.

(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.)

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