2-year China bond futures (TS) most-active contract up 0.01%; 5-year (TF) up 0.02%; 10-year (T) up 0.01%; 30-year (TL) down 0.05%.

现货白银日内涨幅扩大至2.00%，现报69.29美元/盎司。

June 17 — Nomura Orient International Securities said market volatility creates a window to raise defensive dividend exposure but warned overseas macro shocks could extend the adjustment. Near term it recommends boosting dividend-yielding sectors, prioritizing banks with limited capital consumption and sustainably high ROE and dividend yields, and central SOE property leaders that benefit from faster supply-side concentration. Under its base case the recent high/low rotation is temporary; medium- to long-term A-share returns will be driven mainly by the technology theme. Within tech it favors compute hardware constrained by capacity — notably storage, optical communications, AI power systems and liquid cooling — plus supporting infrastructure such as gas turbines, and domestic compute suppliers that benefit from policy support and strong demand.