HK Stock Market Move | Copper stocks rebound in early trading, copper prices hit a new all-time high, expectations of continued rate cuts by the Federal Reserve persist.

Copper stocks rebounded in early trading, as of the time of publication, JIANGXI COPPER (00358) rose by 6.4% to HK$34.92; CHINFMINING (01258) rose by 4.99% to HK$14.72; CMOC Group Limited (03993) rose by 3.54% to HK$17.22; MMG (01208) rose by 3.06% to HK$7.07. On the news front, according to media reports, on Wednesday, LME copper prices hit a historic high of $11,146 per tonne due to continued shortage of mine supply. Citigroup previously predicted that copper prices will reach $12,000 per tonne in the first half of next year, while some institutions believe that copper prices may surpass this level sooner. Currently, the market is closely watching the upcoming interest rate decision by the Federal Reserve, with expectations of a 25 basis point rate cut. This also provides a new catalyst for the prospect of immediate easing of tension in US-China trade relations. Huafu Securities pointed out that in the short term, the continued expectation of rate cuts by the Federal Reserve and the tight fundamental outlook will continue to support copper prices; in the medium to long term, the deepening of rate cuts by the Federal Reserve will boost investment and consumption, while also opening up domestic monetary policy space. In addition, the potential inflation rebound from the Trump administration's potential fiscal easing will support the upward movement of copper prices. They continue to have a positive outlook on copper prices.