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The ChiNext index extended its gains to 2%, after falling as much as 1.8% in the morning session. The Shenzhen Component Index rose 0.85%, and the Shanghai Composite Index rose 0.2%. More than 3,200 stocks rose across the market, with lab-grown diamo

2026-05-28

The ChiNext index extended its gains to 2%, after falling as much as 1.8% in the morning session. The Shenzhen Component Index rose 0.85%, and the Shanghai Composite Index rose 0.2%. More than 3,200 stocks rose across the market, with lab-grown diamonds, PET copper foil, supercapacitors, and PCB concepts leading the gains.

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2026-05-28

Li Auto reported 2026 Q1 results: revenue 23.0 bln yuan; deliveries 95,142 vehicles, up 2.5% YoY. The company said it absorbed more than 500 mln yuan in purchase-tax differential for i6 customers whose orders crossed the year boundary. Cash reserves

Li Auto reported 2026 Q1 results: revenue 23.0 bln yuan; deliveries 95,142 vehicles, up 2.5% YoY. The company said it absorbed more than 500 mln yuan in purchase-tax differential for i6 customers whose orders crossed the year boundary. Cash reserves were 94.3 bln yuan at quarter-end, the tenth consecutive quarter at roughly the 100 bln yuan level. Li Auto launched a $1.0 bln share buyback in March and had repurchased $139.7 mln, about 14% of the programme, as of May 26.
2026-05-28

Chicago Fed President GOOLSBEE on Thursday reinforced his warning that growing market expectations of AI-driven productivity gains could lift inf and prompt the Federal Reserve and other central banks to tighten policy. GOOLSBEE said: “The stronger t

Chicago Fed President GOOLSBEE on Thursday reinforced his warning that growing market expectations of AI-driven productivity gains could lift inf and prompt the Federal Reserve and other central banks to tighten policy. GOOLSBEE said: “The stronger the hype about future productivity, the higher rates may need to be to prevent the economy from overheating. More importantly, facing short-term supply shocks — whether from oil prices, supply‑chain disruptions or other factors — will make the problem worse." He said these remarks expand on a view he first aired publicly earlier this month, when he challenged the notion that AI will be disinflationary and therefore create scope for central-bank rate cuts — a view embraced by many Trump administration officials and by the Fed’s new chair Woshe. GOOLSBEE noted that in the 1990s broader computer adoption unexpectedly raised US productivity and supported rapid growth without triggering inf, but warned that if productivity gains are already priced into market expectations the dynamics change: markets may front‑load spending and push up prices before real productivity gains materialize.
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