China stocks flat as metals, property gains offset tech

Reuters
2026.01.29 04:37
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China stocks remained flat on Thursday, with the CSI300 Index and Shanghai Composite Index both down 0.1%. Gains in real estate and non-ferrous metals offset tech losses, as Hong Kong's Hang Seng Index rose 0.5%. Real estate shares surged, particularly Seazen, which jumped nearly 13%. Positive sentiment followed reports that regulators eased financial reporting requirements for property developers. Analysts noted a market shift from tech to cyclicals, with the Shanghai Composite up nearly 5% this year, while tech shares in Hong Kong fell 0.7%.