Scotts Miracle-Gro shares jump more than 6% after Trump called it 'a great company'.

Shanghai Composite -1.96% at midday, Shenzhen Composite -3.97%, ChiNext Index -4.98%. STAR 50 Index tumbled 6.07%. Shanghai- and Shenzhen-listed turnover was CNY1.62 trillion, down CNY18.2 billion from the previous session. More than 4,900 stocks fell. IPO Yushu Technology surged 486.12% on debut, with turnover above CNY17.7 billion. Humanoid-robot names led losses: Shangwei New Materials -18.75%; Jiangsu Beiren, Phoenix Precision, Lvde Xiebo, Changsheng Bearing and more than 20 others fell over 10%. MLCC, CPO and memory-chip sectors underperformed; multiple names including Shengke Communication, Xinyuan Co., Shengong, Xice Testing, Shengmei Shanghai and Huahong Hongli dropped more than 10%. Coal stocks rallied — Baotailong, Shaanxi Black Cat, Suda, Dayou Energy and Meijin Energy hit the daily upper limit. Banks bucked the market: China CITIC Bank +4%; Agricultural Bank of China, Bank of Nanjing, Bank of Chengdu, Chongqing Rural Commercial Bank and Bank of Chongqing also rose. Shandong Gold jumped about 6%.

hauser, deputy governor of the RESERVE BANK OF AUSTRALIA, said the economy will not enter a recession and will only slow.