China A-share energy-metals and lithium-mining sectors weakened in morning trade; Rongjie Co., Shengxin Lithium Energy and Yongshan Lithium hit daily limit-downs; TTANQT LITHIUM, Yongxing Materials, Ganfeng Lithium, Boqian New Materials and Yuanhang Precision declined.

Citi cut its target price on Tencent to HKD 758 from HKD 763 and kept a Buy rating. For Q2 Citi forecasts revenue +9.3% YoY to CNY 201.7 bln and adjusted net profit +5.1% YoY to CNY 66.25 bln, citing caution over AI-related spending and profit drag; estimates are below consensus. Citi expects H2 focus on agent-style AI trials within WeChat, mini-program integration with Hy3, next-generation/upgrades to the Hy model, and capex. Citi says Tencent will likely prioritize share buybacks, boost AI investment and use AI to reinforce core-business growth.

cenc automatic estimate: at 06:12 on July 8 a magnitude about 5.0 earthquake struck near Gaoxian County, Yibin, Sichuan; final parameters subject to formal rapid report.