Chinese equities closed mixed: Shanghai Composite +0.12%, Shenzhen Composite
-0.14%, ChiNext -0.26%; Beijing Stock Exchange 50 Index +3.88%.
Shanghai-Shenzhen turnover rose to 1.46 trillion yuan, up 18.6 billion yuan from
the prior session. About 3,800 stocks advanced. Humanoid-robot stocks stayed
active, with more than a dozen names hitting daily limit-up, including Changying
Precision, Zhejiang Rongtai, Rockchip and Quectel. Consumer electronics
strengthened—Kesen Technology and Longqi Technology hit limits; Fuliwang,
Transsion Holdings and Jingyan Technology led gains. Semiconductors firmed, with
Hengxuan Technology and Botong Integrated on limit-up and Espressif, Moore
Threads and Galaxy Micro among notable winners. Dyes pulled back—Shanshui
Technology fell about 19%. Nonferrous metals weakened in the afternoon; Luoyang
Molybdenum, Western Mining and Zangge Mining declined. Coal, banking, insurance
and baijiu-related sectors underperformed.