HK Stock Market Move | Gold stocks fell the most, precious metals plunged in the late night and rebounded afterwards, multiple listed companies warned of risks.

Gold stocks led the decline, as of press time, Chifeng Jilong Gold Mining (06693) fell by 8.24% to HK$42.76; Zijin Gold Intl (02259) fell by 5.96% to HK$230.2; Shandong Gold Mining (01787) fell by 4.36% to HK$49.4; Zijin Mining Group (02899) fell by 3.51% to HK$44.52. On the news front, international gold and silver prices staged a "rollercoaster" on the 29th. Due to profit-taking holding back the upward momentum, gold prices plunged by 5.7% at one point, marking the largest intraday decline since October 21 last year, before partially recovering. Spot gold closed down 0.69% at $5377.4 per ounce. Spot silver fell by up to 8.4% at one point, ultimately closing down 0.64% at $115.87 per ounce. It is worth noting that several listed companies recently issued risk warnings. Chifeng Jilong Gold Mining stated in an announcement that the recent cumulative increase in gold product market prices is expected to have a certain impact on the company's performance. It also reminded investors that the company's stock price is at a historical high and turnover rate has been high recently. Sichuan Gold stated that the price of the company's gold concentrate products is greatly affected by fluctuations in gold prices, and significant fluctuations in gold prices in the future will have a significant impact on its operating performance. China National Gold Group Gold Jewellery pointed out that the stock price has "significantly deviated from the index," and explicitly stated that there is a risk of a significant decline after a period of high short-term gains due to "overheated market sentiment."