HK Stock Market Move | Colored stocks collectively under pressure, JL Mag Rare-Earth(06680) fell by nearly 8% in the afternoon with a strong US dollar continuing to pressure colored stocks.

Colored stocks collectively under pressure, as of press time, Jl Mag Rare-Earth dropped 7.83% to HK$8.71; Ganfeng Lithium Group fell 7.16% to HK$24; LINGBAO GOLD dropped 4.92% to HK$2.9; CMOC Group Limited fell 3.91% to HK$5.9; Aluminum Corporation Of China dropped 3.89% to HK$4.94. In terms of news, the US CPI for October, seasonally adjusted, had an annual rate of 2.6%, meeting market expectations and reaching a three-month high, ending a 6-month consecutive decline. The US dollar index continued its strength, breaking through the 106 level to reach a one-year high. Sun Weidong, chief analyst at Dongfang Derivatives Research Institute, stated that the recent fluctuations in the colored sector are mainly following macroeconomic trends, with concerns arising from Trump's high tariff policies and the significant increase in the US dollar index putting significant pressure on the colored sector. Overseas funds are mostly pessimistic in Trump's trades, with panic selling prevailing in LME metals.