---
title: "China Stocks Drop as Metals Retreat"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274238401.md"
description: "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."
datetime: "2026-01-30T02:34:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274238401.md)
  - [en](https://longbridge.com/en/news/274238401.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274238401.md)
generator: "portal-rs"
---

# China Stocks Drop as Metals Retreat

The Shanghai Composite fell 1% to below 4,120, while the Shenzhen Component dropped 1.7% to 14,040 on Friday, reversing gains from earlier in the week as mining stocks declined following a retreat in metals prices.

Gold, silver, copper, and other metals all fell sharply as investors locked in profits after a strong rally to record highs.

Key decliners included Zijin Mining (-8.4%), Tongling Nonferrous Metals (-10%), China Northern Rare Earth (-9.2%), CMOC Group (-9.9%), and Aluminum Corp (-9.9%).

Despite the Friday sell-off, the Shanghai and Shenzhen indexes remain on track to gain more than 3% in January, supported by expectations of fresh policy support and advances in artificial intelligence and related technologies.

However, mainland stocks came under pressure toward the end of the month amid a rising regulatory crackdown on speculative trading.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**