On September 21, ZIJIN GOLD INTL fell 3.33% in regular trading, trading at HK$154.3/share, with turnover of HK$362 million. The gold sector extended its weakness amid continued fallout from the Federal Reserve's rate hike.

On the policy front, the Fed recently raised interest rates by 25 basis points to 3.75%-4.00%, marking the first hike in three years. Following the decision, the US Dollar Index reclaimed the 100 level, while spot gold slid over 1% to around $4,242 per ounce, putting sustained selling pressure on gold equities. Within the Gold sector, CHINAGOLDINTL fell 6.78%, LINGBAO GOLD dropped 4.97%, SD GOLD declined 3.31%, ZHAOJIN MINING lost 2.13%, and CHIFENG GOLD slipped 2.02%, reflecting broad-based sector weakness.

Additionally, ZIJIN GOLD INTL's short-selling ratio recently reached 46.76%, the highest in the industry, indicating significant bearish positioning. Morgan Stanley maintains an Overweight rating on the company with a target price of HK$189, citing management's reaffirmed full-year gold production target of approximately 59 tonnes and a capacity expansion plan to 70 tonnes by 2028.

(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.)