China, Hong Kong stocks slip as non‑ferrous metals slide on easing geopolitical tensions
China and Hong Kong stocks declined on January 22, with the Shanghai Composite Index down 0.15% and the CSI300 Index down 0.46%. Non-ferrous metal shares led the losses, influenced by a drop in gold prices amid easing geopolitical tensions. U.S. President Trump backed away from tariff threats, contributing to market shifts. Regulatory measures against abnormal trading practices also impacted investor sentiment. Despite the downturn, BNP Paribas Exane remains positive on Chinese equities for 2026, favoring materials, industrials, and technology sectors. The Hang Seng Index fell 0.1% in Hong Kong.