MINIMAX-W (00100.HK) swung intraday, rising over 7% in the morning session before dropping as much as 16% in the afternoon.

At the open, China’s main onshore futures were mixed: Europe-bound container freight jumped over 4%, eggs rose more than 3%, and plastics, SHFE gold, coking coal and coke gained over 1%. On the downside, Soybean No.1 and pulp fell more than 1%, while benzene, SHFE zinc and SHFE nickel slipped about 1%.

Shanghai municipal government issued a service-sector development plan for 2026–2030 targeting roughly 6 tln yuan in service-sector value added by 2030. The plan calls for optimizing sector structure, cultivating new growth drivers and raising quality and efficiency; it emphasizes higher levels of digitalization, standardization, sector integration and internationalization, with core city-level services leading, high-end producer services as the mainstay and high-quality consumer services supporting Shanghai’s bid to become a more resilient economic base and a stronger global hub for service-resource allocation.