French 10-year government bond yield rose 15 bps intraday to 4.8974%.

Temasek International CIO Rohit Sipahimalani says two principal market risks for 2027 are a reversal of the AI investment boom and inflation pushing bond yields higher, which could end the equity rally. He called an unwinding of AI investment the single biggest risk — not imminent but likely to cause disruptions in 2027 — and warned that inflation, combined with a changing interest-rate backdrop, raises the risk that equities could reach a critical tipping point.

Hong Kong-listed Weichai Power (02338.HK) extended afternoon gains to 5%, lifting its market capitalisation above HK$256 billion.