China Stocks Drop as Metals Retreat

2026-01-30 02:34 By Jam Kaimo Samonte 1 min. read

The Shanghai Composite fell 0.96% to close at 4,118, while the Shenzhen Component dropped 0.66% to 14,206 on Friday, reversing gains from earlier in the week as mining stocks declined following a retreat in metals prices.

Gold, silver, copper, and other metals all fell sharply as investors locked in profits after a strong rally to record highs.

Key decliners included Zijin Mining (-7.6%), Tongling Nonferrous Metals (-10%), China Northern Rare Earth (-8.1%), CMOC Group (-10%), and Aluminum Corp (-10%).

Despite the Friday sell-off, the Shanghai and Shenzhen indexes gained 3.76% and 5.03%, respectively, in January, supported by expectations of fresh policy support and advances in artificial intelligence and related technologies.

However, mainland stocks came under pressure toward the end of the month amid a rising regulatory crackdown on speculative trading.



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