Stock Market Opening: Hang Seng Index Down 0.31%, Science and Technology Index Down 0.66%! Gold Stocks Soar with Red Mountain Gold, Lingbao Gold, and Zhangjin Mining Up Over 3%!

According to Beijing time on Monday, the US stock futures market experienced a relatively stable opening at the beginning of the new trading month. As the Trump administration's new round of tariffs is set to take effect, investors are once again gripped by concerns over inflation rising and economic slowdown. Investors are currently digesting the impact of the weak labor market in the United States on future weeks. Following the central bank's fifth consecutive meeting, where the overnight benchmark interest rate remained unchanged, traders expect the likelihood of a September rate cut to decrease.

Today, Hong Kong's three major stock indexes fell collectively, with the Hang Seng Index down 0.31%, reporting 24431.88 points, the Science and Technology Index down 0.66%, and the Enterprise Index down 0.35%. On the market, stocks in the sci-tech sector showed mixed performance, with fasthand and Alibaba both down over 1%; gold stocks rose collectively, with Red Mountain Gold (600988), Lingbao Gold, and Zhangjin Mining up over 3%. Major Chinese brokerages' shares also fell collectively, with Shenwan Hongyuan (000166), Zhongsheng Securities (600030), and Junlian Minsheng (Junlian) both down over 1%.

Source: Sina News