At the morning session close, China stock index futures: CSI 300 (IF) main contract +0.61%; SSE 50 (IH) main contract +1.20%; CSI 500 (IC) main contract +1.18%; CSI 1000 (IM) main contract +1.41%.

China A-share property sector rallied; Shoukai hit the daily limit-up, Yuehongyuan A and Yingxin Development were earlier locked at limit-up, while Huafa, Tianjian Group and Shenzhen Zhenye A also gained.

Ex-hedge fund manager Jim Cramer said SK Hynix will list on Nasdaq on Friday, calling it a potential opportunity but warning of significant investment risk. He cited continued AI-driven demand for memory as the bullish thesis but flagged the sector’s strong cyclicality and the risk that rising supply could erode returns. Cramer noted the stock trades at only about 7x this year’s expected earnings and recommended establishing a small starter position while keeping cash to buy further on pullbacks. SK Hynix shares are roughly 25% below their June 25 high.