China's Zijin Mining leads slide in HK-listed gold miners as bullion prices slip

Zhaojin Mining Industry Co

30/05/2024 05:24

** China's Zijin Mining Group  2899.HK  leads slide among
Hong Kong-listed gold miners, falling 5.9% to HK$16.90, their
lowest since May 6
    ** Stock posts biggest intraday pct drop since Jan 17
    ** Stock is top pct loser in the Hang Seng Index  .HSI  and
material index  .HSCIM  
    ** Zijin Mining's Shanghai shares  601899.SS  drop 3.8%
    ** Gold prices slipped for a second consecutive session as
the U.S. dollar and Treasury yields edged higher ahead of key
inflation data, which could offer further clarity on the Federal
Reserve's interest rate plan
    ** Zhaojin Mining  1818.HK  drops 6.1% to HK$13.26, marking
the biggest one-day pct decline since April 15
    ** Hong Kong stock of China Gold International Resources
 2099.HK  falls 3.7% and Lingbao Gold  3330.HK  down 3.8%
    ** Hong Kong's material index  .HSCIM  declines 3.3%, Hang
Seng Composite Index  .HSCI  eases 1.1% and Hang Seng Index
 .HSI  falls 1.2%


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