HK Stock Market Move | CGN MINING (01164) dropped nearly 7% in the afternoon. Musk sang negatively on nuclear fusion power generation, and Kazakhstan's new policies may affect valuation.

CGN MINING (01164) fell nearly 7% in the afternoon, with a decrease of 6.51% at the time of publication, trading at 2.87 Hong Kong dollars, with a trading volume of 1.22 billion Hong Kong dollars. On the news front, on December 15th, Musk publicly criticized nuclear fusion power generation on social media. He wrote, "Building small nuclear fusion reactors on Earth is extremely foolish." Musk pointed out that the sun itself is already a huge, free nuclear fusion reactor in the sky. In the latest space AI concept, Musk plans to deploy 100GW of CECEP Solar Energy AI satellites annually, equivalent to one-fourth of the national power in the United States. In addition, Kazakhstan recently introduced a new policy requiring Kazakhstani companies to hold 90% of the shares in joint ventures when renewing contracts with foreign enterprises. CMB International stated in a research report that the new policy has a minimal impact on CGN MINING's reserves ownership. However, it may bring uncertainty to the bank's target multiple. The target value is temporarily maintained unchanged, but the progress of policy changes will continue to be monitored.