Shanghai Stocks Gain for Third Session

2026-01-29 07:28 By Jam Kaimo Samonte 1 min. read

The Shanghai Composite rose 0.16% to close at 4,158 on Thursday, marking a third consecutive session of gains, with mining stocks leading the rally on stronger metals prices.

Gold, silver, copper, and other metals hit fresh highs as geopolitical and trade uncertainties boosted safe-haven demand, while weakening confidence in the dollar further fueled the shift into metals.

Notable gainers in the sector included Zijin Mining (2.7%), China Northern Rare Earth (6.1%), CMOC Group (0.6%), Aluminum Corporation (7.5%), and Tongling Nonferrous Metals (10.1%).

Property stocks also received a lift after reports that developers are no longer required by regulators to submit a key set of metrics aimed at curbing debt buildup.

In other news, Goldman Sachs projects that Chinese equities could attract roughly $518 billion in new domestic capital this year, supported by strong corporate earnings and improving market sentiment.



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