Asia FX, dollar subdued ahead US CPI; Japan inflation, PMI in focus
Investing.com-- Shares of Zijin Gold International (HK:2259) surged in their Hong Kong trading debut on Tuesday, after the company raised $3.2 billion in one of the city’s largest listings this year.
The company, carved out of China’s Zijin Mining Group (HK:2899) to house its overseas gold operations, sold 349 million shares at HK$71.59 apiece, according to an exchange filing.
The stock opened at HK$111 on Tuesday and jumped as much as 68% to HK$120 in early trade.
The surge reflected strong demand for gold-linked assets at a time of record bullion prices and global economic uncertainty.
The strong debut also lifted parent Zijin Mining’s Hong Kong-listed shares, which gained more than 8% in morning trade, but later eased all its gains to trade flat.