--- title: "AH shares all fell! The ChiNext Index dropped by 2%, computing hardware stocks and precious metals collectively adjusted, the Hang Seng Index fell by more than 1%, and tech stocks broadly declined" type: "News" locale: "en" url: "https://longbridge.com/en/news/274901134.md" description: "The precious metals sector experienced a significant adjustment during the trading session, with Hunan Silver hitting the daily limit down, Xiaocheng Technology falling over 10%, Baiyin Nonferrous reaching the daily limit down, and SC GOLD, Hunan Gold, Yuguang Gold & Lead, ZJIG, among others, showing notable declines. The consumer sector collectively strengthened, with beauty care, tourism, food, retail, and film and television sectors all rising, leading to multiple stocks such as Lafang Home, Anji Food, Haixin Food, Hongmian Co., Hangzhou Jiebai, Zhejiang Wen Film, and Hengdian Film hitting the daily limit up" datetime: "2026-02-05T08:23:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274901134.md) - [en](https://longbridge.com/en/news/274901134.md) - [zh-HK](https://longbridge.com/zh-HK/news/274901134.md) --- # AH shares all fell! The ChiNext Index dropped by 2%, computing hardware stocks and precious metals collectively adjusted, the Hang Seng Index fell by more than 1%, and tech stocks broadly declined Computing hardware stocks continue to adjust, with CPO and others leading the declines. The overnight sell-off of software stocks in the U.S. market has spread to the entire technology sector, including semiconductors and AI concept stocks. The photovoltaic industry chain has fallen across the board, with space photovoltaics and TOPcon batteries leading the decline. Previously, the Shanghai Securities Journal reported that a team under Musk has been intensively investigating China's photovoltaic industry chain, contacting several companies including GCL-Poly Energy, JinkoSolar, and TCL Zhonghuan. Many companies subsequently issued announcements clarifying that no formal agreements or orders have been signed yet, and noted that "space photovoltaics" is still in the early exploration stage, with uncertainties. On February 5th, the A-shares opened lower in the morning, with all three major indices declining. The Shanghai Composite Index fell by 1%, the ChiNext Index dropped nearly 2%, and sectors such as precious metals, computing hardware stocks, and the photovoltaic industry chain collectively fell. Retail and tourism sectors rebounded. The Hong Kong stock market opened lower and continued to decline, with both the Hang Seng Index and the Hang Seng Tech Index dropping over 1%. Tech stocks fell across the board again, with Tencent and Alibaba both down over 2%. In the bond market, government bond futures fluctuated lower. In terms of commodities, domestic commodity futures fell broadly, with lithium carbonate dropping over 6%. Core market trends: > **A-shares**: As of the time of writing, the Shanghai Composite Index is down 0.83%, the Shenzhen Component Index is down 1.50%, and the ChiNext Index is down 1.68%. > > > > **Hong Kong stocks**: As of the time of writing, the Hang Seng Index is down 1.28%, and the Hang Seng Tech Index is down 1.57%. > > > > **Bond market**: Government bond futures are down across the board. As of the time of writing, the 30-year main contract is down 0.06%, the 10-year main contract is flat, the 5-year main contract is down 0.01%, and the 2-year main contract is up 0.01%. > > > > **Commodities**: Domestic commodity futures are generally down. As of the time of writing, lithium carbonate is down over 6%, tin is down 4%, platinum and copper are down 3%, coking coal is down over 2%, and iron ore, palladium, aluminum, rubber, and alumina are down over 1%. > > **10:12** The consumer sector has collectively strengthened, with beauty care, tourism, food, retail, and film and television sectors all rising. Stocks such as Lafang Home, Anji Food, Haixin Food, Hongmian Co., Hangzhou Jiebai, Zhejiang Wen Film, and Hengdian Film and Television have all hit the daily limit up **10:09** The precious metals sector is undergoing a significant adjustment, with Hunan Silver hitting the daily limit down, Xiaocheng Technology dropping over 10%, Baiyin Nonferrous reaching the daily limit down, and SC Gold, Hunan Gold, Yuguang Gold & Lead, ZJIG, and others experiencing notable declines. In terms of news, spot silver has plummeted, with a decline of 7%, and spot gold has dropped over 1%. The CPO sector is collectively adjusting, with Yizhongtian falling across the board and Dekeli dropping over 10%. **10:04** The ChiNext Index has fallen over 2%, with precious metals, photovoltaics, semiconductor chips, and grid equipment sectors leading the declines. Nearly 3,000 stocks in the Shanghai, Shenzhen, and Beijing markets are down. **09:26** The Shanghai Composite Index opened down 0.66%, and the ChiNext Index fell 1.02%. The gold and base metals sectors have resumed their downward trend, while photovoltaics, computing hardware, semiconductors, AI applications, and fintech concept stocks are weakening; the banking sector is showing some strength. **09:21** The Hang Seng Index opened down 0.82%, and the Hang Seng Tech Index fell 1.31%. Bilibili dropped over 4%, Tencent Music and Hua Hong Semiconductor fell over 3%, while Alibaba, Kuaishou, SMIC, MEITUAN, and others dropped over 2%. Baidu rose over 2%, as the company authorized a stock repurchase plan totaling no more than $5 billion, with the first dividend expected to be announced in 2026. ### Related Stocks - [002716.CN](https://longbridge.com/en/quote/002716.CN.md) - [002155.CN](https://longbridge.com/en/quote/002155.CN.md) - [000506.CN](https://longbridge.com/en/quote/000506.CN.md) - [601212.CN](https://longbridge.com/en/quote/601212.CN.md) - [600531.CN](https://longbridge.com/en/quote/600531.CN.md) - [001337.CN](https://longbridge.com/en/quote/001337.CN.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) ## Related News & Research - [Gold Defends the Floor | Silver Tests $74 | Crude Holds the Keys | Metals Minute | Phil Streible](https://longbridge.com/en/news/286761497.md) - [Market One: Standard Uranium Returns to Davidson River | STTDF Stock News](https://longbridge.com/en/news/286448312.md) - [India caps duty-free gold imports for jewellery exporters to curb demand](https://longbridge.com/en/news/286439217.md) - [Wheat Showing Mostly Lower Thursday Morning Trade](https://longbridge.com/en/news/286418982.md) - [13:35 ETThe global underground mining market, which is slated to reach $28.5 billion by 2033, growing at a CAGR of 2.1% | Allied Market Research](https://longbridge.com/en/news/286449758.md)