HK Stock Market Move | LAOPU GOLD (06181) surged over 8%, with gold achieving its largest single-week increase of the year. The upcoming second half of the year is expected to catalyze a peak season.

LAOPU GOLD (06181) surged over 8%. As of the time of writing, it is up 8.52%, priced at HKD 382, with a transaction volume of HKD 894 million. On the news front, gold prices have strongly rebounded from a two-month consolidation range, fueled by continuously weak U.S. labor data, surging nearly $300 over the week, marking the best weekly performance since January. Additionally, China's central bank purchased 19.9 tons of gold in July, significantly up from 14.9 tons last month, further boosting market confidence. Morgan Stanley noted that gold prices are stabilizing in the third quarter, with initial signs of improvement; some LAOPU GOLD stores saw queues return in early August. Shenwan Hongyuan Group believes that in the short term, the traditional consumption peak seasons in the third quarter (Qixi Festival) and the fourth quarter (Mid-Autumn Festival, National Day) and year-end are upon us, and after prices stabilize, pent-up demand from earlier cautious market participants is likely to gradually be replenished. In the medium term, optimization of existing stores towards core floors and street-facing locations continues to advance, with first- and second-tier cities gradually completing point optimization. The overseas market is steadily expanding from its first store in Singapore, with plans to enter Southeast Asia, Japan, and the Middle East, while the growth logic for channel space and brand internationalization remains unchanged.