(Jan 26): Asian mining stocks climbed with metals prices as investors rotated into hard assets, driven by a weakening dollar and growing unease over currencies, geopolitics and global fiscal risks. A group of materials producers led gains Monday (Jan 26) on MSCI Inc’s broadest index of Asia Pacific equities. Korea Zinc Co shares climbed as much as 14% in Seoul while Zhongjin Gold Corp’s jumped 10% in Shanghai. Mining stocks have climbed with metals on safe haven appeal as well as demand for copper and other materials required for the AI buildout, yet they remain relatively cheap. The MSCI Asia materials gauge trades at 14.6 times forward earnings estimates, compared with 15.4 times for the broader index.

Source: The Edge Markets January 26, 2026 06:13 UTC