HK Stock Market Move | Coal stocks continued to rise in the near term, and the implementation of major policies is expected to boost the economy. Black futures continued to rise in the afternoon.

Coal stocks continued to rise in the short term. As of the time of writing, MONGOLIA ENERGY (00276) rose by 12.31% to HK$0.73; SHOUGANG RES (00639) rose by 6.64% to HK$2.71; Yankuang Energy Group (01171) rose by 6.49% to HK$10.18; China Shenhua Energy (01088) rose by 5.28% to HK$33.9. On the news front, on September 24th, the State Council Information Office held a press conference. The Governor of the People's Bank of China, Pan Gongsheng, pointed out that the monetary policies implemented by the People's Bank of China will also support the economy and promote consumption and investment. In the afternoon, futures in the black sector continued to rise, with iron ore prices rising by over 4%, and other major commodities such as hot-rolled coil, rebar, coke, and coking coal seeing increases of over 2%. Debon Securities issued a research report stating that the peak season of "Golden September and Silver October" is approaching. Although overall consumption of building materials is lower than in previous years, there is a high probability of a marginal increase in building materials consumption in September and October. With significant policies such as "Two Reductions" and "Two New" set to accelerate, physical workloads are expected to increase, and demand for coal in non-electrical industries may recover marginally.