Movement Alert|Jiangxi Copper Falls 7.38% in Regular Trading, US Non-Farm Payrolls Surge Fuels Rate Hike Expectations Pressuring Copper Prices

Market Focus
06/08

On June 8, Jiangxi Copper fell 7.38% in regular trading, trading at HKD 33.78/share, with trading volume of HKD 160 million.

On the news front, the US May non-farm payrolls report showed 172,000 new jobs added, far exceeding the market consensus of 85,000. Additionally, April and March figures were revised upward by a combined 93,000. The resilient labor market data further reinforced expectations for a Fed rate hike within the year. The US dollar index surged back above the 100 level, while New York copper tumbled over 4%, broadly pressuring USD-denominated non-ferrous metals.

Within the Copper sector, stocks declined broadly. Among peers, JINXUN RESOURCE fell 7.31%, CHINFMINING fell 6.18%, CDAYENONFER fell 4.08%, while JINCHUAN INTL and CMRU were flat.

(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.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10