HK Stock Market Move | LAOPU GOLD (06181) fell more than 7% as the expectation of interest rate hike has dampened gold prices. The bustling scene of queueing in several stores has disappeared.

LAOPU GOLD (06181) fell more than 7%, as of the press release, it fell by 6.79%, to 365.4 Hong Kong dollars, with a turnover of 2.31 billion Hong Kong dollars. On the news front, the escalation of tensions in the Middle East has pushed up energy prices, escalating market concerns about further tightening by the Federal Reserve, and international gold prices have once again come under pressure. According to multiple media reports, with the sharp decline in international gold prices since the beginning of the year, the bustling crowds at LAOPU GOLD stores have disappeared. According to the Shenzhen Business Daily, reporters visited several LAOPU GOLD stores in Shenzhen and found that many gold jewelry items have quietly started offering a 10% discount. The store staff told reporters, "Currently, most of the products in the store are directly discounted by 10%, starting from July. This level of discount is unprecedented." Data tracked by Goldman Sachs shows that sales at LAOPU GOLD's Tmall flagship store in the second quarter of 2026 fell 63% year-on-year, reversing the strong 155% growth in the first quarter, mainly due to the high base of the 618 shopping festival and the dilution effect of offline channels. The bank expects overall offline sales performance to outperform online sales, continuing to attract new customers for support, but relatively price-sensitive customer demand (including demand from resellers) contributed to a high base last year, and is expected to be relatively weak this year.