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Jewelry/ Gold Stocks Thrive; LAOPU GOLD Up ~7%; LUK FOOK HOLD Once Hits 7.5Yrs High; CHOW TAI FOOK Yet Soft
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Gold and silver prices continued to mark new heights, with spot gold approaching the US$5,000 mark per ounce, last quoted at US$4,944.08. New York gold futures for February delivery last added 0.7% to US$4,948.1. Spot silver also hit a new high, up 2.6% to US$98.64 per ounce, while silver futures for March delivery leaped 2.3% to US$98.58.

The surge in gold prices fueled market expectations of price increases for gold products, boosting some jewelry stocks listed in Hong Kong. LAOPU GOLD (06181.HK) opened 2.4% higher this morning (23rd). With wilder gains, it jumped up as much as 8.9% in early trading to peak at HK$803.5, a more than three-month high. It last traded at HK$788.5, up 6.84%, with active trading at 1.4829 million shares, amounting to HK$1.172 billion.

Related NewsCICC: CHOW TAI FOOK (01929.HK) Achieves Impressive Sales Performance, Positively Raises Full-yr Guidance
LUK FOOK HOLD (00590.HK), which has seen a sharp rise in recent days, peaked at HK$33, a more than seven-and-a-half-year high, during the session. It last posted at HK$32.28, up 0.25%, with a turnover of 847,000 shares, amounting to HK$27.5464 million. CHOW SANG SANG (00116.HK) last traded at HK$14.27, up 0.92%, with a turnover of 746,000 shares, amounting to HK$10.6308 million. ZHOU LIU FU (06168.HK) last stood at HK$28.18, up 1.15%, with a turnover of HK$12.2116 million.

CHOW TAI FOOK (01929.HK) opened higher but then weakened, last at HK$13.94, down 1.27% against the market trend, with a turnover of HK$71.6928 million.

The HSI was last at 26,703, up 73 points or 0.3%, with a turnover of HK$120.564 billion.

Related NewsCLSA: CHOW TAI FOOK (01929.HK) Posts Strong 3FQ26 Results, but Expects to Face Challenges During LNY; Rating Kept at Hold

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