HK Stock Market Move | Afternoon Drops in Colored Stocks Expand with Double Impact from Macro and Geopolitical Factors, US Dollar Pressures Colored Stocks as it Returns to 100 Mark.

Colored stocks fell in the afternoon, with Lingbao Gold (03330) down 10.47% to HK$24.62, ZIJIN GOLD INTL (02259) down 9.02% to HK$167.4, CHINFMINING (01258) down 8.24% to HK$11.25, Aluminum Corporation of China (02600) down 6.39% to HK$11.57, and CMOC Group Limited (03993) down 5.38% to HK$17.6. On the news front, energy infrastructure in the Middle East was hit, February PPI data far exceeded expectations, inflation pressures increased, and the release of hawkish signals by the Federal Reserve led to a reduction in expectations for interest rate cuts this year, with the US dollar back above the 100 level. Huatai Futures believes that the sustained rise in oil prices exacerbates market concerns about recession. Shenwan Hongyuan Group also stated that the recent escalation of Middle East geopolitical tensions, rising energy prices, combined with concerns about stagflation and high asset volatility, have put pressure on the sector as a whole. Under the long-term drive of de-globalization, the logic from precious metals, bulk commodities, to strategic minor metals has entered a new paradigm, and the colored sector will continue to rise, with short-term fluctuations providing opportunities for the year.