China stocks hit decade high as metals, financials rally
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China stocks reached a decade high, driven by a rally in non-ferrous metals and financials, with the CSI300 and Shanghai Composite Index both up 1.2%. The Shanghai Composite Index hit its highest level since July 2015, boosted by record copper prices and strong performance in the insurance and securities sectors. UBS analysts noted limited downside risk and increased investor confidence ahead of the Lunar New Year, with expectations for continued growth in tech and solar sectors. The market has seen a 6% increase since mid-December, with tech stocks in Hong Kong also gaining.
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