Gold stocks led the gains, with Lingbao Gold rising more than , leading the gains, , and Zhaojin Mining and China Gold International following suit.
In the news, affected by multiple factors such as the central bank's gold buying boom, the Federal Reserve's interest rate cuts and regional situations, the spot gold and silver prices have been rising steadily. Gold closed up in , the biggest annual gain since , and continued to set new historical highs during the period. Analysts expect the factors supporting gold prices in to continue until .
Stock Movements
Gome Retail's share price plummeted by more than during the south korea phone number list session and eventually closed down . at HK$.. On the news front, Alibaba announced last night that its subsidiary and New Retail have entered into an agreement with Dehong Capital to sell all of their shares in Gao Xin Retail, which together account for approximately . of the total issued shares of Gao Xin Retail.
Today, southbound funds made a net purchase of HK$., of which Hong Kong Stock Connect Shanghai made a net purchase of HK$. billion and Hong Kong Stock Connect Shenzhen made a net sale of HK$ million
Looking ahead, Bocom International expects Hong Kong stocks to continue to fluctuate in a range. On the one hand, seasonal factors such as tightening of liquidity before the Spring Festival may bring disturbances; on the other hand, the expected deployment of proactive fiscal policies will provide temporary support to the market. The subsequent trend will still depend on two key factors: first, the continued improvement in the mainland's economic fundamentals, especially the recovery in key areas such as consumption and real estate; second, changes in the pace and space of interest rate cuts in overseas monetary policy.