Spot silver rose $1 intraday to $58.10/oz, up 1.75%.

China stocks rebounded to close higher: Shanghai Composite +0.40%, Shenzhen Composite +1.10%, ChiNext +1.55%; Beijing Stock Exchange 50 +0.85%, STAR 50 -0.87%. Turnover across Shanghai and Shenzhen was CNY2.3t, up CNY270.8b from the prior session; more than 4,100 stocks advanced. Innovative-drug names continued to run. C Changxin jumped 12.6% to CNY52.95 on turnover near CNY45.0b. Securities and power sectors led gains—Hualin Securities and Jingneng Power hit daily limit-ups (Guiguan Power earlier also limit-up). Gaming stocks outperformed, with Century Huatong +9.5% and Giant Network earlier at limit-up. Lithography-equipment shares tumbled over 10% (Maolai Optical, Lanying Equipment, Xinlai Materials among biggest decliners). Brain–computer interface plays weakened, with Innovation Medical hitting the down limit. Memory-chip names fell for a second day—Weidao Nano slid over 10%, with Tongfu Microelectronics and peers following lower.

Southbound Stock Connect net sold RMB 5.589 billion today. Via Shanghai‑HK Stock Connect, Xiaomi Group-W and SMIC were the largest net sells at HKD 1.535 billion and HKD 0.769 billion; Alibaba Group Holding-W was the top net buyer at HKD 0.784 billion. Via Shenzhen‑HK Stock Connect, SMIC and Meituan-W were net sold HKD 1.239 billion and HKD 0.832 billion; Tencent Holdings was the top net buyer at HKD 0.734 billion.