HK Stock Market Move | Golden stocks are under pressure across the board. Trump triggers fears of US recession, market watching US inflation data.

Gold stocks are under pressure across the board. As of press time, LINGBAO GOLD-1K (03330) fell 10.1% to HK$5.52; CHI SILVER GP (00815) fell 4.11% to HK$0.35; Zijin Mining Group (02899) fell 3.97% to HK$15.5; CHINAGOLDINTL (02099) fell 1.43% to HK$48.4. On the news side, Trump triggered fears of a US recession, causing international gold prices to fall on Monday. Some analysts pointed out that although gold has a safe-haven property, some investors prefer to hold cash in market recession trading. The market is currently focused on the US inflation data to be released this week. Xinhu Futures believes that in the short term, investors are worried about the investment prospects of the US economy, Trump's tariff concessions have not appeased the pessimistic sentiment, market risk appetite has declined somewhat, but the geopolitical conflict remains unclear, gold price fluctuations may increase. In the medium to long term, central bank gold purchases are sustainable, combined with global monetary inflation, will continue to support the central upward trend of gold prices, and gold may remain relatively strong in the future. In addition, LINGBAO GOLD-1K announced that it plans to allocate up to 43.5 million new H shares, accounting for approximately 3.93% of the total enlarged number of H shares issued, and approximately 3.38% of the total number of shares issued. The H share placement price is HK$5.38 per share, representing a 12.38% discount from the closing price of HK$6.14 on March 10, raising HK$234 million in funds, with a net amount of HK$229 million, which is intended for potential merger opportunities.