BANK OF JAPAN Governor UEDA said he will monitor financial conditions, including the cumulative impact of past rate hikes.

Kweichow Moutai’s company-owned stores set purchase caps for 500ml Feitian Moutai: individuals 1 box/day, 5 boxes/year; corporate buyers 5 boxes/day, 50 boxes/year. Store prices: 500ml Feitian 1,766 yuan/bottle; Five-Star 1,756 yuan; 1L Feitian 3,291 yuan; Bingwu (Horse-year) 1,951 yuan; Premium 2,410 yuan; 15-year aged 4,279 yuan. White spirits analyst Xiao Zhuqing said the move is essentially an online–offline channel integration—iMoutai and other online channels manage efficiency and reach, company stores manage conversion and service—and, combined with the Mid-Autumn peak, the limits, rationing and on‑hand availability constitute retail consumer pacing rather than a pure promotional push.

At midday the HSI was up 0.67% and the Hang Seng Tech Index rose 1.74% after opening higher and earlier trading more than 2% up. Chip stocks led gains: Tianshu Zhixin (09903.HK) rose over 13%, Biren Technology (06082.HK) rose about 9%, Huahong Hongli (01347.HK) rose about 6%. Optical-communications names outperformed, led by Xizhi Technology‑P (01879.HK) up about 17%. AI names rebounded—MINIMAX‑W (00100.HK) +13%, Zhipu Technology (02513.HK) +6%. Other strong sectors included liquid cooling, innovative drugs, telecom equipment, Chinese brokers, ADAS, commercial space and new consumption. Weak sectors in the morning session included coal, dairy, batteries, building materials & cement, and ports & logistics. Lenovo Group (00992.HK) jumped over 7%; market capitalization topped HK$450bn, a record high.