On June 9, MMG Limited fell 3.72% in regular trading, trading at HK$8.17 per share, with trading volume of HK$36.41 million, extending its recent multi-day correction trend.

On the news front, the strong US dollar combined with seasonal demand weakness continues to weigh on copper stocks. US May ADP employment data came in at 122,000 new jobs, a 16-month high, further cooling Fed rate cut expectations and pushing the US dollar index firmly above 99.4, systemically pressuring dollar-denominated base metals. Additionally, US May non-farm payrolls of 172,000 significantly exceeded expectations of 85,000, driving the probability of a Fed rate hike in December from 48% to 63%. Domestically, copper consumption has entered a seasonal lull, weakening demand-side support, while easing geopolitical risks have loosened the commodity price rally narrative.

Within the Diversified Metals and Mining sector, the broader group declined in tandem. CMOC fell 2.07%, Lygend Resources fell 1.32%, Wanguo Gold Group fell 1.31%, Ximei Resources fell 0.74%, and Jiaxin International Resources fell 0.68%.

(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.)