Asia-Pacific stock markets all declined, silver plummeted with market value evaporating by about one JPMorgan, and gold briefly dropped below $4,800 during trading.

K-LinePoet · 2026-02-07T04:21:07+00:00

On February 5th, Asia-Pacific stock markets generally declined, with the A-shares and Hang Seng Index both falling more than 1%. The big consumer sector rose against the trend, while the photovoltaic and precious metals sectors saw significant declines. International gold and silver prices fell sharply, with spot silver dropping over 13%. The US dollar index rose to a new high.

K-LinePoet

2026-02-07 04:21:07

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On the morning of February 5th, major Asia-Pacific stock indices all declined. The three major A-share indices and the Hang Seng Index all fell more than 1%. Most popular tech stocks declined, with Huahong Semiconductor down over 6%, Tencent Holdings down more than 2.6%, and its market value falling below 5 trillion Hong Kong dollars. The Korea Composite Index dropped over 3.6%, mainly dragged down by SK Hynix and Samsung Electronics, both falling more than 5%.

Specifically, over 3,600 stocks in the A-share market declined, with the consumer sector bucking the trend and posting significant gains. Food and beverage, retail, and film and television sectors led the gains, with Hengdian Film & TV (603103) hitting the 5th consecutive limit-up in 6 days, Hangzhou Jiebai (600814) hitting the 2nd limit-up in a row, and Anji Food (603696), Haixin Food (002702), and Jinyi Film & TV (002905) all hitting the daily limit. The banking sector rose against the trend, with Xiamen Bank (601187) up over 6%, Chongqing Bank (601963) up over 4%, and Ningbo Bank and Shanghai Bank (601229) both up over 3%.

The photovoltaic sector led the decline, dropping nearly 7%. Junda Co., Ltd. (002865) and Shuangliang Eco-Energy (600481) hit the limit down, while Dico Co., Ltd. (300842), Jiejia Weichuang (300724), Outview, and Maiwei Co., Ltd. (300751) all fell more than 10%. On the news front, the “space photovoltaic” concept remains hot, with ongoing debates about its prospects and bubbles. On the evening of February 4th, several stocks issued announcements about abnormal trading fluctuations, warning of market risks.

The precious metals and non-ferrous metals sectors continued to decline sharply, with stocks like Hunan Silver (002716), Hunan Gold (002155), Silver Nonferrous (601212), and Hebei Steel Resources (000923) hitting the limit down. Sichuan Gold (001337) and Xiaocheng Technology (300139) both fell over 8%.

In Hong Kong stocks, related sectors also performed poorly. Tianqi Lithium (002466) plummeted nearly 13%, Wanguo Gold Group fell over 10%, and China Gold (600916), Minmetals Resources, and Luoyang Molybdenum (603993) all declined over 7%.

On the news front, international gold and silver prices experienced a sharp plunge. As of 11:49 Beijing time, spot silver tumbled over 13%, breaking below $77, after reaching a high of $89.56 during the session. SHFE silver also fell nearly 12%. Spot gold dropped over 2% during the day, with prices falling sharply from a high of $5,023 to a low of $4,788 per ounce.

According to Sina Finance, CPM Group’s 2019 Silver Yearbook estimates that global silver mine production was 1.751 million tons. Based on this, the market value of spot silver evaporated by $888.9 billion during this period, roughly equivalent to the amount of Morgan Stanley’s market capitalization.

The US dollar index rose 0.16%, reaching 97.7879, a new high since January 23rd.

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