China Stocks Drop as Metals Retreat

Trading Economics
2026.01.30 02:34
portai
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China's stock market saw a decline on Friday, with the Shanghai Composite dropping 1% and the Shenzhen Component falling 1.7%. This downturn was attributed to a retreat in metals prices, leading to significant losses in mining stocks. Key decliners included Zijin Mining (-8.4%) and Tongling Nonferrous Metals (-10%). Despite this sell-off, both indexes are projected to gain over 3% in January, buoyed by expectations of policy support and advancements in technology, although regulatory pressures on speculative trading are increasing.