The benchmark Chinese Index has fallen to its lower level in five months, as losses on technology and consumer shares overtook advances in Aluminum Corp. of China Ltd. and raw-material companies.

Apple Inc. supplier GoerTek Inc. (002241) reached the lowest level since May, while Gree Electric Appliances Inc. lost 3.8 percent. Mineral companies had a good run with Aluminum Corp of China, also known as Chalco, advancing 7 percent in Shanghai and Hong Kong. With Indonesia banning mineral ore exports in an attempt to cut nickel supplies, Jilin Ji En Nickel Industry Co. soared 10 percent.

The Shanghai Composite (SHCOMP) retreated for the fourth consecutive day, although the gauge gained as much as 0.7 percent following the announcement by China’s securities regulator that it planbs to place stricter supervision on IPO’s. With predictions of rising IPO numbers for the coming months, small-company stocks may be dragged down.

Although the IPO decision may offer some short-term relieve to Chinese markets, analysts expect that the effects won’t last for too-long as investors will turn to fundamentals and fine the economy lacking there.

The CSI 300 Index lost 0.5 percent, while the Hang Seng China Enterprises Index (HSCEI) gained over 0.1 percent.

The Shanghai Index has already lost an overall of 5 percent this year on increasing signs of slower economic growth and growing concerns that share sales will take attention away from existing equities.