HK Stock Market Move | CHINAGOLDINTL (02099) rises more than 3% and breaks through the top, as expectations for US interest rate cuts continue to rise. The company's Jiamak mines have great potential for future expansion.

CHINAGOLDINTL (02099) rose more than 3%, hitting a high of 134.8 Hong Kong dollars, refreshing historical highs. As of the time of writing, it has risen by 3.7% to 134.6 Hong Kong dollars, with a turnover of 362 million Hong Kong dollars. On the news front, expectations of a rate cut have been rising recently, as the US PPI data released overnight was lower than expected, further supporting the reasons for the Fed to cut rates. After the data was released, traders increased their bets on a 50 basis point rate cut by the Fed in September. In addition, according to CCTV news, on September 10th local time, US President Trump criticized Fed Chairman Powell again on his social platform "True Social" and urged a significant rate cut immediately. Currently, the market is waiting for guidance from the US August CPI data tonight. Industrial previously pointed out that expectations of a Fed rate cut are rising, and in the medium to long term, they are optimistic about the upward movement of gold and copper prices. The production at the Changshanhaogold mine has stabilized, and the Jiamamines plan to start production of the third phase of the tailings pond in the first half of 27H1 and are working to increase the mining capacity mentioned in the mining license, which is expected to restore production to pre-tailings overflow levels. CMSC also stated that the potential for future expansion of the Jiamamines is significant. In addition, the company is conducting exploration work in the Bayi Ranch and Zhegulang North mining areas, which has shown significant resource potential and is expected to support future larger scale expansions.