China Hongqiao leads rally in Hong Kong metal stocks

China Hongqiao

10/02/2022 07:17

** Aluminium producer China Hongqiao Group  1378.HK  lead
rally in Hong Kong-listed aluminium shares, surging 8.3% to
HK$10.80 in the biggest daily pct gain since Sept. 9
    ** Stock hit the highest since Sept 27, extending gains for
a sixth straight session; second biggest percentage gainer in
the Hang Seng material index  .HSCIM  
    ** Aluminium advanced on Thursday, with prices in London
scaling a fresh peak in more than 13 years while the Shanghai
benchmark climbed to its highest in nearly four months, as
smelter closures exacerbated concerns over dwindling inventories
 urn:newsml:reuters.com:*:nL1N2UL07W
    ** Hong Kong shares of Russia-based aluminium producer OK
Rusal MKPAO  0486.HK  surge 4.8% to HK$8.36, highest since Oct
27
    ** Aluminum Corp of China's  2600.HK  Hong Kong shares also
rise 5.2% to HK$5.24, highest since Oct 27
    ** Stocks of copper miners also jump with MMG  1208.HK  jump
11.7% in its best day since March 11, 2021
    ** Jiangxi Copper  0358.HK  and Zijin Mining  2899.HK  surge
6.5% and 6.1% respectively  
    ** Hang Seng Commerce & Industry Index  .HSNC  gains 0.1%,
and material index  .HSCIM  surges 3.3%
    ** Hang Seng Composite Index  .HSCI  climbs 0.3% and Hang
Seng Index  .HSI  edges up 0.1%


 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))