Shares in China's top listed gold producer, Zijin Mining <2899.HK>, fell more than 10 percent on Thursday to an 18-month low after gold prices slid.

    The stock hit a low of HK$3.5 before recovered slightly to HK$3.51, down 9.8 percent. It has lost about 23 percent of its market value since Tuesday.

    Brokers said hedge funds used lower gold and oil prices as reasons to short sell commodities stocks.