HK Stock Market Move | Colored stocks fell collectively in the morning session, with institutions saying that the expectation of a rate cut in September is relatively sufficient and metal prices may fluctuate or increase.

Non-ferrous stocks fell collectively in the early trading session. As of press time, JIANGXI COPPER (00358) fell 4.53% to 25.3 Hong Kong dollars; Aluminum Corporation Of China (02600) fell 4.35% to 7.26 Hong Kong dollars; CMOC Group Limited (03993) fell 3.87% to 12.41 Hong Kong dollars; Zijin Mining Group (02899) fell 3.79% to 28.42 Hong Kong dollars. Guotai Haitong stated that the US August CPI basically met expectations, coupled with a gradually weakening job market, leading to an increasing expectation of interest rate cuts. With expectations of a turning point in liquidity, both precious metals and industrial metal prices are significantly boosted. As the September interest rate meeting approaches, investors are waiting for guidance from the Federal Reserve on future rate cuts, while the ongoing negotiations between China and the US may amplify metal price fluctuations. The firm pointed out that the continuous weakening job market has raised concerns about a market downturn for industrial metals. However, considering the support from both domestic and foreign policies, as well as the upcoming peak demand season, industrial products are expected to continue performing well. China Securities Co., Ltd. had previously stated that industrial metal prices are determined by both their "financial properties" and "commodity properties". From a financial perspective, the Federal Reserve has initiated an interest rate cutting cycle; from a commodity perspective, global copper and aluminum inventories are relatively low, the Chinese economy is expected to recover, and with the boost from the new energy industry, there will be a turnaround in demand growth for copper and aluminum.