HK Stock Market Move | Gold stocks lead the decline with recent drastic fluctuations in gold prices, and market risk aversion sentiment has slightly eased.

Stocks of gold companies lead the decline, as of the time of writing, ZIJIN GOLD INTL(02259) fell by 5.28%, to 140 Hong Kong dollars; EVEREST GOLD(01815) fell by 5.24%, to 1.99 Hong Kong dollars; CHI SILVER GP(00815) fell by 4.94%, to 0.77 Hong Kong dollars; Chifeng Jilong Gold Mining(06693) fell by 4.16%, to 30.4 Hong Kong dollars; Shandong Gold Mining(01787) fell by 2.8%, to 36.84 Hong Kong dollars. On the news front, the recent gold price has seen drastic fluctuations, dropping rapidly after reaching a historical high of $4379, with a single-day maximum decrease of $194, hitting a low of $4185. It was reported that on October 17, the President of Ukraine met with the President of the United States, Zelenskiy expressed willingness to accept bilateral or trilateral talks, while Trump said the Russia-Ukraine conflict should end. Trump is set to meet with Putin in Budapest, Hungary. In addition, on October 18, the heads of the China-US economic and trade negotiations agreed to hold a new round of talks as soon as possible, which is favorable for reducing short-term market risk aversion.