China Stocks Rise as Risk Appetite Returns
2026-02-03 02:43
By
Jam Kaimo Samonte
1 min. read
The Shanghai Composite rose 1.29% to close at 4,068 while the Shenzhen Component gained 2.19% to 14,127 on Tuesday, recovering losses from the previous session as a rebound in metals prices helped stabilize sentiment and triggered dip-buying.
Regional shares also followed Wall Street higher after a surprise expansion in US factory activity, signaling strength for the global economy and corporate profits.
Mining stocks led gains as gold, silver, and other metals rebounded, with Zijin Mining up 6%, CMOC Group rising 4.7%, and Hunan Gold Corp climbing 10%.
Defense and clean energy stocks also outperformed, including Addsino Cop (10%), China Aerospace (6.1%), Goldwin Science & Technology (6%) and Shenzhen Envicool (5.7%).
Meanwhile, Monday’s data showed Chinese manufacturing activity accelerated in January, as firms ramped up production and moved cargoes ahead of the extended Lunar New Year holiday.