On June 8, Shandong Gold Mining (01787.HK) fell 7.12% in regular trading, trading at HKD 21.88/share, with trading volume of HKD 77.74 million.

On the news front, international gold prices continued their downward adjustment, with escalating US-Iran tensions and rising Fed rate hike expectations exerting dual pressure on gold prices, dragging the entire gold sector lower. Additionally, the company previously announced that its wholly-owned subsidiary Shanjin Jinkong plans to transfer 14.13% of Donghai Securities shares to Soochow Securities for RMB 19.45 billion, and will recognize approximately RMB 7.05 billion in fair value change losses on its entire 18.71% Donghai Securities holdings, directly reducing current-period profit by the same amount.

The broader gold sector saw widespread declines, with Zijin Gold International down 5.63%, Lingbao Gold down 5.76%, China Gold International down 3.88%, Zijin Mining down 3.64%, and Zhaojin Mining down 3.52%. The Shenwan precious metals sector has seen an average year-to-date pullback of 46%, with Shandong Gold's A-share price retreating over 55% from its late-January high.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)