HK Stock Market Move | CHOW TAI FOOK (01929) falls more than 3%, gold prices show significant high volatility, fourth quarter sales in Mainland China are under pressure.

CHOW TAI FOOK (01929) dropped more than 3%, falling 3.54% to HK$10.91 as of press time, with a trading volume of HK$68.7059 million. On the news front, CHOW TAI FOOK announced that the group's retail value for the three months ended March 31, 2026 (fourth quarter) decreased by 1.5% year-on-year. Retail value in mainland China decreased by 8.2% year-on-year, while retail value in Hong Kong, Macau, and other markets increased by 58.5% year-on-year. The fourth quarter saw increased external uncertainties and significant fluctuations in gold prices, which affected consumer purchasing behavior. Same-store sales in Mainland China direct-operated stores saw a slight increase of 0.2% during the quarter, while same-store sales in franchised stores decreased by 5.8%. Same-store sales in Hong Kong and Macau increased by 40.1% year-on-year.