At a State Council Taiwan Affairs Office briefing, spokesperson Zhu Fenglian criticized remarks by Lai Ching‑te, who told a recent forum with high‑school students in Taiwan that TikTok and Xiaohongshu’s influence on the younger generation has reached a security crisis and said he would address it. Zhu said mainland social apps aid Taiwanese youth’s development, accused Lai’s administration of smearing and intimidating young people, and warned that efforts to curb cross‑strait exchange would fail

At the open, China's most-active futures contracts were mixed with gains outnumbering losses. Shanghai tin rose over 2%; 20# rubber jumped nearly 2%; Shanghai zinc, LME copper, Shanghai copper and coke advanced more than 1%; other rubber contracts, aluminum alloy and Shanghai aluminum gained about 1%. On the downside, container freight on the Europe route fell over 2%; polysilicon, asphalt and alumina dropped more than 1%; methanol slipped about 1%.

Alphabet (GOOG.O) increased its equity financing program to $84.75 bln from $80 bln to fund AI spending. It priced 25.5 mln Class A shares at $355.20 and 25.5 mln Class C shares at $351.80; the Class A/C tranche was raised to $18 bln from $15 bln. It priced 167.5 mln Series A depositary shares and an equal number of Series B depositary shares at $50.00 each; the depositary tranche was raised to $16.75 bln from $15 bln. Alphabet estimates net proceeds of about $17.8 bln from the Class A/C offering and about $16.6 bln from the depositary offering. Proceeds will be used for general corporate purposes, including capex to expand AI infrastructure and global compute capacity. Class A/C issuance expected to close Thursday; depositary issuance expected to close Friday.