Hong Kong physical-AI names weakened: Huan Chuang Technology (06802.HK) fell 37.59%, Yuejiang (02432.HK) fell 4.29%, Xunce (03317.HK) fell 4.17%.

Sources say ANTHROPIC plans a mega IPO ahead of the Thanksgiving holiday.

China's Ministry of Industry and Information Technology (MIIT) said it will step up protection and utilization of industrial heritage, establish a national industrial heritage archive database and build a high-quality protection system. MIIT will integrate cultural empowerment across the full manufacturing value chain and promote the industrial design sector. It will pursue culture–technology–industry integration, develop new ideological-education, science-popularization and cultural-tourism consumption scenarios, and launch an industrial culture digital programme. MIIT also said it will deepen application of 5G, Beidou, virtual reality and artificial intelligence and support industrial-themed film and cultural production and dissemination.