FX.co ★ China Stocks Edge Higher as Miners Lead Gains

On Wednesday, the Shanghai Composite rose by 0.2% to reach 3,380, while the Shenzhen Component saw an increase of 0.1%, climbing to 10,660. This modest recovery followed losses from the previous trading session, with gains prominently led by the mining sector due to a rise in metals prices, especially copper and precious metals. Notable sector performers included Zijin Mining, up by 1.3%, North Copper which surged by 8%, Jianxi Copper with a 4.4% rise, Yunnan Copper increasing by 1.2%, and Hangzhou Iron & Steel gaining 1.4%. Companies linked to resource exploration and metal fabrication also experienced significant gains, with DH Heavy Industries rising by 6.7%, Jiangsu Nanfang advancing by 10%, and RongFa Nuclear Equipment up by 4.1%. Despite these gains, investor sentiment remains cautious as they anticipate the upcoming implementation of US President Donald Trump’s reciprocal tariffs, which are anticipated to impact critical sectors in China next week.