China Stocks Fall on Tech, Metals Rout

2026-02-05 02:47 By Jam Kaimo Samonte 1 min. read

The Shanghai Composite fell 0.64% to close at 4,076, while the Shenzhen Component dropped 1.44% to 13,953 on Thursday, ending a two-day rally as a global tech and metals rout weighed on sentiment.

Investors shied away from tech shares amid concerns over lofty valuations, heavy AI spending, and potential disruption to traditional software business models.

Leading decliners included Eoptolink Technology (-4.1%), BlueFocus Intelligent (-5.8%), Suzhou TFC Optical (-5.5%), Leo Group (-4.8%), and Giga Device Semiconductor (-1.6%).

Resource-linked firms also faced renewed selling pressure as precious metals retreated, with sharp losses from Zijin Mining (-4.4%), Hunan Gold Corp (-8.9%), Inner Mongolia Xingye (-6.3%) and CMOC Group (-6.3%).

Other notable decliners include clean energy stocks such as Goldwind Science (-9%), Sungrow Power (-4.1%) and Longi Green Energy (-5.6%).



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