HK Stock Market Move | Zijin Mining Group (02899) fell more than 8%, its subsidiary in Xinjiang was included in the UFLPA Entity List by the US.

Zijin Mining Group (02899) fell by more than 8%, dropping to 8.06% as of the time of writing, at 14.14 Hong Kong dollars, with a turnover of 762 million Hong Kong dollars. On the news front, it was reported that on January 14th, the U.S. Department of Homeland Security announced that 39 Chinese companies will be included in the UFLPA entity list, which will take effect on January 15th. The companies listed are mainly in the industries of new energy, cotton textiles, and non-ferrous metals. Among them, Zijin Mining Group's subsidiary in Xinjiang, Xinjiang Habahe Ashele Copper Co, was included in the list due to alleged raw material procurement issues.