Silver Set for First Weekly Gain in Four
Trading Economics·AH shares all fell! The ChiNext Index dropped by 2%, computing hardware stocks and precious metals collectively adjusted, the Hang Seng Index fell by more than 1%, and tech stocks broadly declined
Wallstreetcn·- The technology sector is experiencing a downturn, with notable declines in semiconductor and AI stocks following a sell-off in U.S. software shares. - The A-share market opened lower on February 5th, with all major indexes declining, while various sectors like retail and tourism showed some recovery. - Notably, the precious metals sector faced significant adjustments, with silver prices falling sharply amidst a broader decline across domestic commodity futures.A-shares fluctuated and fell, gold and silver stocks hit the limit down extensively, CPO was active in early trading, NewEase surged over 10%, the Hang Seng Index dropped over 2%, and tech stocks collectively adjusted
Wallstreetcn·- A-shares experienced a significant decline in the non-ferrous metal sector, with major drops in gold and silver stocks amid turbulence in the international precious metals market. - New Yisheng saw a surge of over 10% after announcing a projected net profit of 9.9 billion yuan for the year, a near 249% increase due to growing AI-driven computing investments. - Overall, market indicators showed declines across A-shares and Hong Kong shares, while the commodity market faced widespread drops, particularly in gold, silver, and copper.The Shanghai Composite Index fell over 1%, non-ferrous metals collectively plummeted, gold stocks hit the limit down, the Hang Seng Index dropped over 1%, tech stocks adjusted, and metal futures declined across the board
Wallstreetcn·- Following significant fluctuations in international gold and silver prices, the A-shares and Hong Kong stock markets experienced a sharp decline in the non-ferrous metal sector, with Zijin Mining's A-shares dropping nearly 6%, marking the largest intraday drop in over three months. - A-shares opened lower on January 30, with major indices falling more than 1%, while the Hong Kong market also saw declines. - The domestic commodity futures market experienced widespread drops, particularly in platinum and palladium, impacting various sectors.