HK Stock Market Move | Colored stocks rose in the last trading session, and the risk preference continued to rise due to the ongoing negotiations between China and the United States. Institutions are optimistic about the support for copper and aluminum prices.

Non-ferrous stocks rose in late trading. As of press time, Aluminum Corporation Of China (02600) rose 6.43% to HKD 4.47; CMOC Group Limited (03993) rose 5.57% to HKD 6.44; CHINAHONGQIAO (01378) rose 4.53% to HKD 14.76; JIANGXI COPPER (00358) rose 2.87% to HKD 13.64. On the news front, China and the US held trade negotiations in Geneva over the weekend, and today they issued a joint statement on trade talks in Geneva, reaching a consensus on tariffs. Guotai Junan Securities previously pointed out that the US government's attitude continues to soften on the macro level, and news of progress in trade negotiations between China and the US over the weekend is expected to continue to boost risk appetite. Huachuang Securities pointed out that with the destocking of electrolytic copper to low levels, production disruptions caused by conflicts in the mining and metallurgy sector may support the copper price center; affected by the concentration of aluminum product arrivals after the holiday, some aluminum product inventories increased and then decreased after the holiday. Although domestic consumption is currently in the stage of transitioning from off-peak to peak season, the downward trend in inventories indicates strong consumption resilience, which may provide support for aluminum prices.