Shanghai silver Ag2610 rallied intraday, extending gains to 2.01% at 14,410 yuan/kg. Turnover was about 59.61 bln yuan; open interest rose by nearly 3,800 lots intraday as volume and OI climbed.

FT reports AI-driven equity gains and investor exits from private equity and credit funds helped push hedge fund AUM up $409 bln last quarter to $5.6 tln, driven largely by strong investment performance. Funds suffered losses in volatile March after the outbreak of war in Iran but have since benefited from a rally led by chip names including Samsung, AMD and SK Hynix. HFR data show investor inflows of $134 bln over the past three quarters, the biggest three-quarter inflow since 2007. TriumCapital co-CEO Shenan Danani said he expects a ‘‘golden era’’ for hedge funds.

The Ministry of Public Security’s Computer Information System Security Product Quality Supervision and Inspection Center found 35 mobile apps illegally collecting and using personal data during testing.