---
title: "China Stocks Head for Second Weekly Loss"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275064700.md"
description: "The Shanghai Composite and Shenzhen Component are set for a second weekly decline, influenced by a global tech selloff and concerns over AI spending. Investor sentiment is further dampened by volatility in metals and cryptocurrency markets. Chinese tech stocks like Zhongji Innolight, Eoptolink Technology, and Leo Group experienced losses, while resource-related shares such as Zijin Mining, Hunan Gold Corp, and Beijing Xiaocheng saw gains as precious metals stabilized."
datetime: "2026-02-06T02:55:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275064700.md)
  - [en](https://longbridge.com/en/news/275064700.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275064700.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275064700.md) | [繁體中文](https://longbridge.com/zh-HK/news/275064700.md)


# China Stocks Head for Second Weekly Loss

The Shanghai Composite and Shenzhen Component struggled for clear direction on Friday, but were both on track for a second consecutive weekly decline.

Investor sentiment remained pressured by a global tech selloff driven by concerns over massive AI spending and potential disruption to traditional software business models.

Heightened volatility in metals and cryptocurrency markets further weighed on risk appetite.

Chinese tech stocks were hit, with Zhongji Innolight down 3.4%, Eoptolink Technology off 4%, and Leo Group falling 2.4%.

In contrast, resource-related shares rebounded as precious metals stabilized, with gains from Zijin Mining (0.5%), Hunan Gold Corp (10%), and Beijing Xiaocheng (8%).

### Related Stocks

- [Hunan Gold (002155.CN)](https://longbridge.com/en/quote/002155.CN.md)
- [Tianhong CSI Computer Theme ETF (159998.CN)](https://longbridge.com/en/quote/159998.CN.md)
- [Guotai CSI Non-Ferrous Metal Kuangye Theme ETF (561330.CN)](https://longbridge.com/en/quote/561330.CN.md)
- [ChinaAMC CSI Semiconductor Material & Equipment Thematic ETF (562590.CN)](https://longbridge.com/en/quote/562590.CN.md)
- [GF Fund CSI Semiconductor Material Equipment Theme ETF (560780.CN)](https://longbridge.com/en/quote/560780.CN.md)
- [China Southern CSI SWS Non-Ferrous Metal ETF (512400.CN)](https://longbridge.com/en/quote/512400.CN.md)
- [GF CSI Rare Metals Theme ETF (159608.CN)](https://longbridge.com/en/quote/159608.CN.md)
- [Leo (002131.CN)](https://longbridge.com/en/quote/002131.CN.md)
- [Zhongji Innolight (300308.CN)](https://longbridge.com/en/quote/300308.CN.md)

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