<div id="readability-page-1"><div> China and Hong Kong stocks tumbled on Friday after a sharp drop in gold prices sparked a broad-based selloff across the markets, while state media warned against speculative trading.** By the midday break, the Shanghai Composite Index declined 1.2% to 4,108.46, after losing as much as 2.2% earlier in the day.** The blue-chip CSI 300 Index was down 1% after an earlier drop of as much as 2.2%.** Losses were spread across the board, with gold-related shares seeing the biggest selloff after a sudden retreat in bullion prices from record highs.** Sentiment was further dented after the state-owned Securities Times warned against the rally, while regulators including the Shanghai Gold Exchange announced news measures such as raising margin requirements to curb speculation.** &#34;The regulatory authorities' timely intervention is aimed at preventing potential risks from an overheated market,&#34; the newspaper wrote. &#34;For ordinary investors, it's better to view it rationally rather than blindly chasing higher prices.&#34; ** The CSI SSH gold equity index (.CSI931238) and the CSI SWS non-ferrous metal index (.CSISNMIM) both tumbled roughly 8.7%. ** Miner Chifeng Gold , Shandong Gold and Zhongji Gold all plunged by their daily trading limit of 10%.** Among other losers, the rare earth index lost 6.5% and the liquor distillers weakened 2.9%. ** The property sector weakened 3.4%, paring the sharp rally on Thursday after China reportedly dropped the borrowing limits on developers known as its &#34;three red lines&#34; policy. ** Despite the declines on Friday, the Shanghai benchmark was up 3.5% so far in January, heading for its best monthly gain since August. The blue-chip CSI 300 Index has climbed 1.6% for the month. ** In Hong Kong, the benchmark Hang Seng Index slid 1.8% to 27,469.82, and the Hang Seng Tech Index also weakened 1.8%. ** The Hang Seng Materials index (.HSCIM) tumbled 8.3%. Shares of Zijin Mining dropped 8.6%. </div></div>

China and Hong Kong stocks fell sharply on Friday, driven by a significant drop in gold prices, leading to a broad market selloff. The Shanghai Composite Index declined 1.2%, while the CSI 300 Index was down 1%. Gold-related shares experienced the largest losses, with the CSI SSH gold equity index and CSI SWS non-ferrous metal index both dropping around 8.7%. Despite Friday's declines, the Shanghai benchmark is up 3.5% for January, marking its best monthly gain since August.

Reuters

E Fund SSE 180 ETF

Kinross Gold

SD-GOLD

Guotai Gold ETF

iShares Gold Trust

Abrdn Gold ETF Trust

Gold ETF

Fortune SG SSE 180 Value ETF

ISHARES A50

SPDR Gold Shares

Pro Ultr GLD

SSE Index

Huatai-PB CSI 300 ETF

Bosera SSE 50 Index ETF

Zijin Mining

CSI 300

E Fund CSI Dividend ETF

CSOP A50 ETF

Huaan Yifu Gold ETF

ZHONGJIN GOLD

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

E Fund Gold ETF

iShares MSCI China

ChinaAMC Gold ETF

China stocks tumble as gold shares drag; still set for monthly gain