Hong Kong-listed PCB concept stocks rebounded, with Kingboard Laminates (01888.HK) up 5%, Kingboard Holdings (00148.HK) up 4.38%, Guanghe Technology (01989.HK) up 3%, and Shenghong Technology (02476.HK) up 2.7%.

Individual Stock News 1. Hygon Semiconductor (01191.HK) issued 2.0147 million shares due to the full exercise of its over-allotment option. 2. Aluminum Corporation of China (02600.HK): Expects first-half net profit attributable to shareholders to increase by 58% to 73% year-on-year. 3. Zhongwei New Materials (02579.HK): Expects first-half net profit attributable to shareholders to increase by 70.58%-84.23% year-on-year. 4. Jingwei Tiandi (02477.HK): Plans a share placement at a discount of approximately 7.69%, raising up to approximately HK$188 million in net proceeds. 5. Zhipu (02513.HK): Completed the placement of a total of 19.78 million new H shares, raising a total of approximately HK$31.411 billion. 6. China Sanjiang Chemical (02198.HK) issued a profit warning: Expects first-half net profit attributable to shareholders to increase by approximately 100% to 130% year-on-year. 7. Huaqin Technology (03296.HK): Expects interim net profit attributable to shareholders of approximately RMB 2.9 billion to RMB 3.05 billion, representing a year-on-year increase of 53.5% to 61.5%. 8. Dingtai Hi-Tech (01377.HK): Expects first-half net profit attributable to shareholders of RMB 640 million to RMB 700 million, representing a year-on-year increase of 300.62% to 338.18%. 9. Longpan Technology (02465.HK): Issued a profit warning: Expects first-half net profit attributable to shareholders of approximately RMB 373 million to RMB 448 million, turning a loss into a profit compared to the same period last year. 10. Lingbao Gold (03330.HK): Issued a profit warning: Expects interim net profit of approximately RMB 950 million to RMB 1.05 billion, representing a year-on-year increase of approximately 42% to 57%. 11. New China Life Insurance (01336.HK): Expects net profit attributable to shareholders for the first half of 2026 to be between RMB 20.719 billion and RMB 23.678 billion, representing a year-on-year increase of 40% to 60%. 12. Youjia Innovation (02431.HK) has established a long-term strategic partnership with Didi Delivery, aiming to jointly promote the commercialization and large-scale implementation of unmanned last-mile delivery in cities. 13. Shenghong Technology (02476.HK) clarifies: Demand for AI-related PCB products is strong, and the company's order backlog continues to grow; the company's production and shipments are normal, and orders from leading customers continue to increase.

Sources told Refinitiv the Government Pension Investment Fund (GPIF) has no plan to change its target asset allocation but may, within existing permitted ranges, shift more funds into Japanese assets as the government studies options. Japan's finance minister Katayama last Friday said the government will seek to encourage pension funds, including GPIF, to substantially increase investment in Japanese financial assets; the remarks lifted the yen and JGBs. GPIF managed ¥293.6 tln (about $1.81 tln) as of March. Officials said any increase would be implemented within the current benchmark limits and would not immediately alter GPIF's medium-term targets; GPIF is legally required to invest solely in beneficiaries' interests and cannot deploy assets to advance government policy. Under its current strategic plan, GPIF allocates 25% each to domestic bonds, overseas bonds, domestic equities and overseas equities.